SEC fines Nvidia $5.5M for inadequate disclosures on crypto mining’s impact on its gaming business

Nvidia has agreed to pay $5.5 million as part of a settlement with the U.S. Securities and Exchange Commission. The SEC said that the chipmaker failed to fully disclose that crypto mining demand was a major contributor to its 2018 performance. The Securities and Exchange Commission today announced settled charges against technology company NVIDIA Corporation for inadequate disclosures concerning the impact of cryptomining on the companys gaming business, the SEC said in a press release on Friday. According to the regulator, Nvidia failed to disclose that demand from the crypto mining...



source: https://tokenpost.com/SEC-fines-Nvidia-55M-for-inadequate-disclosures-on-crypto-minings-impact-on-its-gaming-business-9606

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