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SEC charges DraftKings with selective disclosure via CEO's social media, violating Reg FD, settles with $200k penalty.
The SEC has charged DraftKings Inc. for selectively disclosing nonpublic information to certain investors via CEO's social media, violating Regulation Fair Disclosure.
This occurred in July 2023 when a post about the company’s growth was made but removed quickly, with public disclosure delayed by a week.
DraftKings has settled by agreeing to pay a $200,000 penalty and will implement training to prevent future violations.
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La SEC acusa a DraftKings de divulgación selectiva a través de las redes sociales del CEO, violando el Reg FD, llega a un acuerdo con una multa de $ 200k.