U.S. SEC Says It Charges DraftKings With Selectively Disclosing Nonpublic Information Via CEO's Social Media Accounts
Portfolio Pulse from Benzinga Newsdesk
The U.S. SEC has charged DraftKings for selectively disclosing nonpublic information through the CEO's social media accounts.
September 26, 2024 | 8:22 pm
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DraftKings has been charged by the SEC for selectively disclosing nonpublic information through its CEO's social media accounts, which could lead to regulatory scrutiny and potential penalties.
The SEC's charges against DraftKings for selective disclosure of nonpublic information could lead to negative investor sentiment and potential penalties, impacting the stock price negatively in the short term.
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