DraftKings Inc. has agreed to pay a $200,000 civil penalty to settle disclosure charges brought by the U.S. Securities and Exchange Commission.
The SEC said Thursday it charged the Boston-based sports betting company (Nasdaq: DKNG) with disclosing material, nonpublic information to investors who followed the CEO’s social media accounts. That's a violation of Regulation Fair Disclosure, or FD, which prevents selective disclosure, according to the SEC.
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