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The Securities and Exchange Commission (SEC) are targeting high profile individuals, including celebrities that advertised crypto. In this case fining NBA Hall of Famer Paul Pierce for Unlawfully Touting and Making Misleading Statements about Crypto Securities.
In what is likely to have been an expensive advertisement, Mr Pierce agreed to pay a $1,115,000 penalty and approximately $240,000 in disgorgement and prejudgment interest.
Ted Dziekanowski
#crypto #cryptocurrency #securitiesandexchangecommission #cryptoregulation
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