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SEC charges DraftKings violating regulation

From Times Sources
Posted 9/27/24

WASHINGTON, D.C. — The Securities and Exchange Commission has charged DraftKings Inc. with selectively disclosing material, nonpublic information to investors who followed or otherwise viewed the company CEO’s social media accounts without disclosing that same information to all investors, in violation of Regulation Fair Disclosure (FD). DraftKings agreed to pay a $200,000 civil penalty to settle the SEC’s charges.

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