The Securities and Exchange Commission has charged Kim Kardashian $1.26 million in penalties, disgorgement, and interest.

Andy Watkin-Child
October 3, 2022
Cryptocurrency & Digital Assets, Regulation & Compliance

The Securities and Exchange Commission has charged Kim Kardashian $1.26 million in penalties, disgorgement, and interest. For touting on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the promotion. The SECs order finds that Kardashian violated the anti-touting provision of the federal securities laws.Â

The SEC Chair Gensler todayÂ published a videoÂ warning investors not to make investment decisions based solely on the recommendations of a celebrity or influencer. (https://lnkd.in/eSrXpqKi)

#crypto #securitiesandexchangecommission

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The Securities and Exchange Commission has charged Kim Kardashian $1.26 million in penalties, disgorgement, and interest.

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