Kim Kardashian has agreed to settle charges of unlawfully touting a crypto security and to pay $1.26 million in penalties, disgorgement and interest, the U.S. Securities and Exchange Commission said on Monday.

The SEC said in a statement that reality television star and influencer Kardashian failed to disclose that she was paid $250,000 to publish the post about EMAX tokens, the crypto asset security being offered by EthereumMax on her Instagram account.

“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” SEC details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com