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SEC catches up with Kim Kardashian: Reality star fined $1.26m for cryptocurrency promotion

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SEC catches up with Kim Kardashian: Reality star fined $1.26m

Investors are qualified for know whether the exposure of a security is unprejudiced, and Ms. Kardashian neglected to uncover this data

Kim Kardashian has settled with the Protections and Trade Commission subsequent to being accused of disregarding the counter promoting arrangement of the government protections regulations.

The superstar consented to suffer $1.26 million in consequences, ejection, and premium, and help out the controller's continuous examination concerning EthereumMax.

In spite of the fact that she didn't concede or deny the SEC's charges, Kim Kardashian was found to have promoted via virtual entertainment a crypto resource security offered and sold by EthereumMax without unveiling the installment she got for the advancement.

She was paid $250,000 to distribute a post on her Instagram account about EMAX tokens, the crypto resource security being presented by EthereumMax. Kardashian's post contained a connection to the EthereumMax site, which gave guidelines to likely financial backers to buy.

Location: United States

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