If you release the source code for your application, you've just disclosed your algorithm to the general public, which might not be desirable.

如果要发行应用程序的源代码，那么算法自然也会公诸于众。这并不是所希望的。

youdao

The idea, from the beginning at the SEC, was that insiders should not be allowed to trade on information that is not properly disclosed to the public.

证交会从成立开始就规定,局内人不得利用未公开披露的信息,进行内幕交易

耶鲁公开课 - 金融市场课程节选

Data regarding millions of nationwide brokerage firm customer complaints is not disclosed to the public, despite the fact that state securities regulators, the SEC and National Association of Securities Dealers, each keep such records.

FORBES: Misdeeds of Stockbrokerages Under-reported (July 1, 2002)

The letters firms receive from the SEC upon completion of the inspection are not disclosed to the investing public.

FORBES: SEC Conceals Far More Crime Than You Ever Imagined

If the matter is not resolved between the firm and the agency and an enforcement action proceeds, eventually, but not necessarily, the matter may be disclosed to the public.

FORBES: SEC Conceals Far More Crime Than You Ever Imagined