S.Grewal News
04.10 / 00:01
Provident
Cooper
SEC
This socialite is the next to make it to the SEC hitlist on grounds of…
The Securities and Exchange Commission (SEC), on 3 October, charged American model and socialite Kim Kardashian for touting a crypto asset security on social media. The TV personality also failed to disclose that she received a payment for the promotion of the same.
03.10 / 17:57
Twitter
Cooper
SEC
Action
Sec Charges
SEC charges Kim Kardashian for Instagram crypto promotion
The settlement reached with the SEC by Kardashian includes a $260,000 payment that represents that original amount, plus interest, as well as $1 million in penalties. Kardashian has also agreed to cooperate with an "ongoing investigation" by the Commission.SEC chair Gary Gensler immediately took to Twitter, warning investors not to make investment decisions based solely on the recommendations of a celebrity or influencer.
13.02 / 13:37
Digital
SEC
Platform
Action
Report: BlockFi Inc. might have to shed $100 million to settle with the regulators
Bloomberg reported citing sources that BlockFi Inc. might have to pay $100 million to settle with the Securities and Exchange Commission (SEC) and the state regulators. The allegations include offering a high interest-bearing product illegally via lending out digital tokens.
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