Kim Kardashian Pays $1.26 Million Fine To SEC

By Quotesmasala Published Date: 04 Oct 2022

The SEC accused Kardashian of failing to disclose that she was paid $250,000 to publish an Instagram post.

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SEC Chairman Gary Gensler. “Investors are advised to consider the potential risks and rewards of any investment against their own financial objectives.”

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Kardashian also agreed not to endorse cryptocurrency securities for three years.

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The SEC has determined that Kardashian has violated the anti-propaganda provisions of the federal securities laws.

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The settlement includes a $1 million fine and forfeiture of the $250,000 payment she received, plus interest.

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Kardashian isn't the first celebrity to face an SEC fine.

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Floyd Mayweather Jr. and music producer DJ Khaled have each paid fines for moving cryptocurrencies.

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Floyd Mayweather Jr. and music producer DJ Khaled have each paid fines for moving cryptocurrencies.

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In a June 13, 2021 Instagram post Kardashian wrote, “Are you guys into crypto? this is often not financial advice but sharing what my friends told me about the Ethereum max token!”

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in recent news, Donald Trump CNN claiming defamation, seeking $475m.

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