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SEC could not share further details about Roblox reportedly being part of ongoing investigation due to risk of causing "harm to ongoing enforcement proceeding" https://t.co/axNZdzwENy
Roblox is reportedly part of an active investigation being conducted by the US Securities and Exchange Commission. https://t.co/axNZdzw6Y0
Roblox is Part of an "Ongoing Investigation" by the US Government Roblox, a popular online game platform and game creation system, has been confirmed to be a part of an ongoing investigation by the US Securities and Exchange Commission, a federal government agency primarily… https://t.co/ohxLSIPQ3u
Roblox is currently under investigation by the U.S. Securities and Exchange Commission (SEC), as confirmed by multiple reports. The investigation follows a Hindenburg report from October, which alleged misrepresentation of player metrics and a downplaying of child safety issues. While the SEC has acknowledged the ongoing investigation, the specific focus remains unclear. Officials have refrained from providing additional details, citing concerns about potential harm to ongoing enforcement proceedings.