Description
The SEC issued Cease and Desists orders to several celebrities for touting on social media without proper disclosure of being compensated for such promotion.
Legal Significance
Celebrities endorsing ICOs that are classified as securities must comply with anti-touting provisions by disclosing the nature, scope, and amount of compensation they receive for the promotion.
Issues
Status
Cease-and-Desist
Case No.
Multiple
Date Filed
November 1, 2017
Plaintiff
SEC
Defendant
Paul Anthony PierceJake Joseph PaulKimberly KardashianFloyd Matherweather Jr.Khaled KhaledLindsay LohanMichele MasonMiles McCollumShaffer SmithAkon
Court
-
Plaintiff Counsel
-
Defendant Counsel
-
Major Filings
Related Developments
Combs v. SafeMoon (SafeMoon Class Action)
Combs v. SafeMoon (SafeMoon Class Action)
Motion to Dismiss
Johnson v. Musk (,Elon Musk Class Action)
Johnson v. Musk (,Elon Musk Class Action)
Settled
Real v. Yuga Labs (Yuga Labs Class Action)
Real v. Yuga Labs (Yuga Labs Class Action)
Motion to Dismiss
SEC v. Balina
SEC v. Balina
Appeal
SEC v. BitConnect
SEC v. BitConnect
Complaint Filed
SEC v. CoinDeal
SEC v. CoinDeal
Settled
SEC v. Coinseed
SEC v. Coinseed
Settled
SEC v. DEBT Box
SEC v. DEBT Box
Dismissed
SEC v. SafeMoon
SEC v. SafeMoon
Complaint Filed
SEC v. SBF
SEC v. SBF
Complaint Filed
SEC v. Schueler
SEC v. Schueler
Motion to Dismiss
Sizemore v. Zhao (Binance Class Action)
Sizemore v. Zhao (Binance Class Action)
Motion to Dismiss
USA v. Atcha
USA v. Atcha
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Valenti v. Dfinity USA Research LLC (Dfinity Class Action)
Valenti v. Dfinity USA Research LLC (Dfinity Class Action)
Motion to Dismiss