Kim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay $1.26 million for promoting a cryptocurrency on social media without disclosing the payment she received to do so.
The SEC said Monday that the reality TV star and entrepreneur has agreed to cooperate with its ongoing investigation.
The SEC said Kardashian failed to disclose that she was paid to publish a post on her Instagram account about EMAX tokens, a crypto asset security being offered by EthereumMax. Kardashian’s post contained a link to the EthereumMax website, which provided instructions for potential investors to purchase EMAX tokens.
“The federal securities laws are clear that any celebrity or other individual who promotes a crypto asset security must disclose the nature, source, and amount of compensation they received in exchange for the promotion,” Gurbir Grewal, director of the SEC’s division of enforcement, said in a prepared statement.“Ms. Kardashian is pleased to have resolved this matter with the SEC.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Kim Kardashian Honors Dad Robert Kardashian on His Death AnniversaryOn the 19th anniversary of her father's death, Kim Kardashian offered fans an insight into how sweet and caring her late father, Robert Kardashian, was to her and her family.
Lire la suite »
Kendall And Kylie Jenner Texted Kim Kardashian About Khloé's Weight Loss — Here's What It Said'Kendall said that? The model?'
Lire la suite »
Dolce & Gabbana team up with Kim Kardashian at Milan Fashion WeekDolce & Gabbana teamed up with U.S. reality TV star Kim Kardashian at Milan Fashion Week on Saturday as the Italian luxury label presented its latest collection for women's wardrobes.
Lire la suite »
Kim Kardashian Agrees To Pay $1.26 Million To Settle SEC Cryptocurrency Promotion ChargeAn SEC investigation found Kardashian had failed to disclose that she was being paid to promote a crypto token to her Instagram followers.
Lire la suite »
Kim Kardashian pays over $1M to settle SEC charges related to crypto promo on InstagramThe SEC said Kim Kardashian failed to disclose that she was paid $250,000 to publish a post on her Instagram about EMAX tokens — a crypto asset security offered by EthereumMax.
Lire la suite »
Kim Kardashian Will Pay SEC $1.26 Million Over Crypto Ad on InstagramThe billionaire promoted something called EthereumMax, which turned out to be worthless.
Lire la suite »