The US Securities and Exchange Commission charged DraftKings with selectively providing investors with material, nonpublic information through the CEO's social media accounts, and the company has agreed to pay a $200,000 civil penalty.
A civil penalty was imposed on DraftKings to resolve the charges after the Securities and Exchange Commission stated in its release that this violated Regulation Fair Disclosure because not all investors received the same information.
A civil penalty was imposed on DraftKings to resolve the charges after the Securities and Exchange Commission stated in its release that this violated Regulation Fair Disclosure because not all investors received the same information.