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Kim Kardashian pays $1.26 million to settle SEC claims

Kim Kardashian I am paying a hefty fine after facing legal troubles.

On October 3, the Securities and Exchange Commission announced price The SKIMS mogul has been accused of “promoting cryptocurrency security offered and sold by Ethereum Max on social media without disclosing the payments received for its promotion.” According to an SEC press release, Kim agreed to settle the allegations “without admitting or denying the SEC’s findings,” and agreed to pay $1.26 million in fines, exploitation and interest. .

“Ms. Kardashian is happy that the SEC was able to resolve this matter,” Kim’s attorney told E! news. “Kardashian has fully cooperated with the SEC from the beginning and is willing to do whatever she can to assist the SEC with this matter. The agreement she reached with the SEC asks her to do so so that she can pursue many different business pursuits.”

An SEC order found that Kim failed to disclose that he received $250,000 to promote the EMAX token (cryptocurrency security provided by EthereumMax) on his Instagram account.

https://www.eonline.com/news/1348773/kim-kardashian-agrees-to-1-26-million-settlement-with-sec-for-unlawfully-touting-crypto-security?cmpid=rss-000000-rssfeed-365-topstories&utm_source=eonline&utm_medium=rssfeeds&utm_campaign=rss_topstories Kim Kardashian pays $1.26 million to settle SEC claims

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