James Dolan settles with FTC for securities violation involving Madison Square Garden stock
December 06, 2018 at 12:26 PM EST
James Dolan, the CEO of Madison Square Garden Co. and executive chairman of MSG Networks, will pay more than $600,000 in civil penalties to settle charges by the Federal Trade Commission he violated securities rules. The FTC said he failed to report in a timely matter his acquisition of additional voting shares in Madison Square Garden Co..