The SEC has hit Activision Blizzard Inc with a $35m fine for failing to “maintain disclosure controls and procedures to ensure that the company could assess whether its disclosures pertaining to its workforce were adequate”. The alleged failings at the video game development and publishing company also violated the SEC’s
Activision Blizzard charged $35m for disclosure control failings and violating whistleblower rule
The gaming company failed to implement necessary controls to collect and review employee complaints about workplace misconduct.