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Author Topic: SEC: Celebrity ICO Endorsements Might Be Illegal  (Read 1410 times)

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SEC: Celebrity ICO Endorsements Might Be Illegal
« on: November 02, 2017, 10:50:31 AM »
The U.S. Securities and Exchange Commission (SEC) has issued a warning to investors about celebrity-endorsed initial coin offerings (ICOs).

The SEC said that celebrities who endorse token sales may run afoul of "anti-touting" laws if they don't correctly state what compensation, if any, they may have received.

Quote
"Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments. These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly or indirectly, by the company in exchange for the endorsement."

check this post about which celebrities are endorsing/ endorsed which ICOs :
http://www.altcoinstalks.com/index.php?topic=251.0



https://www.sec.gov/news/public-statement/statement-potentially-unlawful-promotion-icos
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SEC: Celebrity ICO Endorsements Might Be Illegal
« on: November 02, 2017, 10:50:31 AM »

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