Kim Kardashian Agrees To Pay $1.26M To Settle SEC Charge

I like this video I don't like this video

0% (0 votes)

Duration: 1:43 Views: 528 Submitted: 2 years ago Submitted by:

Description: Kim Kardashian on Monday agreed to pay a $1.26 million fine to settle charges brought against her by the U.S. Securities and Exchange Commission for promoting the cryptocurrency EthereumMax without disclosing the fact that she was being paid for the promotion. “When celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors…Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities,” SEC Chair Gary Gensler said. Read the full story on Forbes: https://www.forbes.com/sites/michaeldelcastillo/2022/10/04/kim-kardashians-1-million-fine-could-impact-uniswap-sushiswap-and-other-decentralized-exchanges/?sh=49345d75288c https://www.forbes.com/sites/siladityaray/2022/10/03/kim-kardashian-agrees-to-pay-126-million-to-settle-sec-cryptocurrency-promotion-suit/?sh=24ea1c4248b6 Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.