University of Toledo: Stop Selling Student Data To Wallstreet

University of Toledo: Stop Selling Student Data To Wallstreet

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Marla Smith started this petition to University of Toledo

The Wallstreet 'Subisdy' 

"If colleges refuse to make their list of perspective student tenants and their parents available to us, or increase the costs, there could be a material adverse affect on us." 

American Campus Communities Annual Investor Report for Wallstreet page 7. 

http://eproxymaterials.com/interactive/acc2019/

The University of Toledo does not disclose that it will release student directory information (your name, .edu email and home address)  to Wallstreet for advertising purposes in a for profit making scheme. UT fails to provide either actual oversight over disclosed information or meaningful transparency, accountability, and scrutiny over schools’ information practices. UT makes it easy to for wallstreet to market to it's students. American Campus Communities knows exactly who you are, where you live and how to reach your via your .edu inbox that you pay thousands of dollars in college tuition for. It's fake Wallstreet success, not science, magic or even luck. Wallstreet is cheating.  

Ohio Revised Code 3319.321 Confidentiality.

(A) No person shall release, or permit access to, the directory information concerning any students attending a public school to any person or group for use in a profit-making plan or activity. Notwithstanding division (B)(4) of section 149.43 of the Revised Code, a person may require disclosure of the requestor's identity or the intended use of the directory information concerning any students attending a public school to ascertain whether the directory information is for use in a profit-making plan or activity.

In the 2015 State of the Union Address, President Barack Obama pledged to better protect student privacy. There is widespread consensus that the primary federal statute addressing student privacy, the Family Educational Rights and Privacy Act (FERPA) of 1970, is insufficient in light of new technological capabilities such as portable information files.

American Campus Communities Inc. is a publicly traded real estate investment trust that invests in dormitory housing. As of December 31, 2019, the company owned and/or managed 203 properties with approximately 139,300 beds, making it the largest private dormitory manager in the United States. 

Hedge Funds Were Dumping American Campus Communities, Inc. (ACC) Before The Coronavirus

According to Yahoo Finance the end of the fourth quarter, a total of 21 of the hedge funds tracked by Insider Monkey held long positions in American Campus Communities owner of Olde Towne at The University of Toledo. change of -5% from the previous quarter. On the other hand, there were a total of 16 hedge funds with a bullish position in ACC a year ago. That was until they started dumped stock because of the Corona Virus outbreak.

Among these funds, Citadel Investment Group held the most valuable stake in American Campus Communities, Inc. (NYSE:ACC), which was worth $93.7 million at the end of the third quarter. On the second spot was Diamond Hill Capital which amassed $93 million worth of shares. Balyasny Asset Management, D E Shaw, and Echo Street Capital Management were also very fond of the stock, becoming one of the largest hedge fund holders of the company. In terms of the portfolio weights assigned to each position Diamond Hill Capital allocated the biggest weight to American Campus Communities, Inc. (NYSE:ACC), around 0.47% of its 13F portfolio. Echo Street Capital Management is also relatively very bullish on the stock, designating 0.38 percent of its 13F equity portfolio to ACC.

https://finance.yahoo.com/news/hedge-funds-were-dumping-american-181328025.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFeihjxZ1_MyB9yhrwm9iE-o8YOf4mPPNCQt8pJFOidR659-cEXN_nyTsL1Aos4_pUM4FeJTS_cRMfi15XCuzGrBJC6-xmt6UPpjwldNJaF4svqS220nE-gJ_m_VbzThQOGEjcppjfGcwpl8n6rXkv0aQtxRIZGHyN_r6KC-By1V

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