SEC Tags Nvidia for Alleged Disclosure Insufficiencies in its Cryptocurrency Mining Business | Dechert LLP
Key to take The U.S. Securities and Exchange Commission announced an agreement against chip maker Nvidia Corporation on May 6, 2022, for inappropriate disclosures about the impact of cryptocurrency mining on the company’s gaming business. The SEC fined Nvidia $ 5.5 million, alleging that in consecutive quarters of fiscal year 2018, Nvidia did not disclose …