SEC Charges DraftKings with Selectively Disclosing Nonpublic ...

Sep 26, 2024 · SEC Charges DraftKings with Selectively Disclosing Nonpublic Information Via CEO’s Social Media Accounts ... that same information to all investors, in violation of …

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DraftKings Pay $200K To Settle Social Media Posts Charge

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Sep 27, 2024 · DraftKings has agreed to pay a $200,000 penalty to settle a Securities and Exchange Commission (SEC) charge that found the company selectively disclosed non-public …

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Social Media Posts Cost DraftKings $200,000 | Legal Dive

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Sep 27, 2024 · Sports betting company DraftKings agreed to settle for $200,000 charges it violated Regulation FD disclosure rules, the Securities and Exchange Commission announced …

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DraftKings Pays $200,000 To Settle Disclosure Charges Brought By …

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Sep 26, 2024 · 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 …

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Boston-based DraftKings Runs Into Social Media Hiccup, Pays …

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Sep 27, 2024 · DraftKings has been fined again this year, with the latest hiccup costing the Boston-based sports betting company $200,000 over posts published on the CEO’s social …

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SEC Charges DraftKings $200k Over CEO’s Social Media Posts

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Sep 27, 2024 · The company has agreed to a settlement, including a $200,000 civil penalty. The SEC’s investigation found that on 27 July 2023, a post on Jason Robins’ X account, managed …

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Boston-based DraftKings Fined $200K Over CEO’s Social Media Posts

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Sep 27, 2024 · The Securities and Exchange Commission on Thursday slapped Boston-based DraftKings with a $200,000 fine over posts that were shared on the company CEO’s social …

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DraftKings To Pay $200,000 Penalty For SEC Violations

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DraftKings has agreed to pay a $200,000 penalty to settle charges from the U.S. Securities and Exchange Commission (SEC) that it selectively disclosed non-public information via social …

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Boston-based DraftKings Fined $200K Over CEO’s Social Media Posts

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Sep 27, 2024 · BOSTON — The Securities and Exchange Commission on Thursday slapped Boston-based DraftKings with a $200,000 fine over posts that were shared on the company …

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DraftKings To Settle SEC Charges On Tradable Social Media Posts

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Sep 26, 2024 · DraftKings has agreed to pay a $200,000 civil penalty to settle charges in connection with the selective disclosure of tradable information about the company's …

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DraftKings Ordered To Pay $200K Over Disclosure Violations In …

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Sep 28, 2024 · A poorly considered social media post from DraftKings CEO Jason Robins is set to cost a pretty penny following an SEC ruling. Jori Negin-Shecter • News Editor Sep 28, 2024 …

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CEO Jason Robins’ Social Media Posts Lead To $200,000 DraftKings …

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Oct 3, 2024 · DraftKings has agreed to pay a $200,000 penalty to settle a Securities and Exchange Commission (SEC) charge that found the company selectively disclosed non-public …

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DraftKings Faces $200,000 Fine For Social Media Disclosure Issues

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Sep 26, 2024 · DraftKings Agrees to $200,000 Settlement with SEC DraftKings (NASDAQ: DKNG), a prominent player in the sports betting sector, has recently made headlines by …

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DraftKings Agrees To $200K Penalty After CEO’s Social Media Misstep

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Sep 27, 2024 · This regulation aims to ensure a level playing field, preventing selective disclosure that could benefit specific groups. By sharing this financial update on personal social media …

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DraftKings Pays $200,000 To Settle Disclosure Charges Brought By …

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Sep 27, 2024 · The Securities and Exchange Commission today charged DraftKings Inc. with selectively disclosing material, nonpublic information to investors who followed or otherwise …

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Social Media Posts Cost DraftKings $200,000 - Bonus.com

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Oct 2, 2024 · DraftKings has agreed to pay a $200,000 fine to the US Securities and Exchange Commission (SEC) for violating the regulator’s fair disclosure policies. On September 26, the …

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FAQs about SEC Charges DraftKings with Selectively Disclosing Nonpublic ... Coupon?

Will DraftKings pay a $200,000 penalty?

Sports betting company DraftKings has agreed to pay a $200,000 penalty for selectively disclosing material non-public information on social media accounts rather than to all investors, the U.S. Securities and Exchange Commission announced on Thursday. ...

Did DraftKings violate Regulation Fair Disclosure?

The SEC found DraftKings in violation of Regulation Fair Disclosure, charging the company 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.” ...

Did DraftKings violate FD?

The Securities and Exchange Commission today 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). ...

How did DraftKings comply with the SEC?

Without admitting to or denying the SEC’s findings, DraftKings agreed to cease and desist from future violations, pay the civil penalty, and comply with required Regulation Fair Disclosure training for employees who have corporate communications responsibilities. Download the FREE Boston 25 News app for breaking news alerts. ...

Did DraftKings disclose its second quarter 2023 financial results?

DraftKings’ public relations firm posted a similar statement that same day on the CEO’s LinkedIn account. At the time of the posts, DraftKings had not yet disclosed its second quarter 2023 financial results, nor had it otherwise publicly disclosed certain information contained in the posts. ...

Did draftkings'really strong growth' in 2023?

The order finds that, on July 27, 2023, at 5:52 p.m., DraftKings’ public relations firm published a post on the personal X account of the DraftKings CEO. The post, according to the order, stated that the company continued to see “really strong growth” in states where it was already operating. ...