The US Securities and Exchange Commission – better known as the SEC – is the latest government agency to launch an investiagtion into Activision Blizzard, as The Wall Street Journal [paywall] reports. The agency has subpoenaed the publisher and its CEO, Bobby Kotick, for records related to employment, separation agreements, and communications between senior executives.
The SEC, if you need a quick primer, is a government agency that primarily deals with protecting investors and maintaining the status quo of stock markets. Given that we’ve already seen movements from shareholders eager to sue Activision Blizzard for hiding the sexual harassment probe before it went mainstream, the involvement of the SEC now is no big surpirse.
As per The Wall Street Journal, the SEC has requested documents going as far back as 2019 in an effort to review communications between Activision Blizzard executives regarding complaints of sexual harassment and discrimination.