Reg FD Enforcement: SEC Targets CEO’s Social Media Statements
Reg FD Enforcement: SEC Targets CEO’s Social Media Statements

Yesterday, the SEC announced a settled enforcement proceeding against DraftKings arising out of the use of its CEO’s social media accounts to disseminate material non-public information. This excerpt from the SEC’s press release announcing the proceeding lays out the factual background of the case: The order finds that, on July 27, 2023, at 5:52 p.m., DraftKings’ public […]

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