Paul Pierce SEC Settlement: The US Securities and Exchange Commission (SEC) on Friday announced charges against former NBA player Paul Pierce for crypto violations. He was charged for endorsing EthereumMax (EMAX) tokens on social media without making relevant disclosures. The SEC said the former player made false and misleading promotional statements about EMAX. Accordingly, Pierce settled the charges with $1.409 million in penalties, disgorgement, and interest.
Also Read: Is The Binance FUD Real? On-Chain Data Reveals Massive TUSD Inflow, Bitcoin Outflow
Paul Pierce EMAX Promotion
The primary charge is that Paul Pierce promoted the EMAX tokens on Twitter after receiving $244,000 worth of EMAX tokens. He did not make it public that he received the tokens in exchange for promoting it, said the SEC’s statement.
The post Breaking: US SEC Charges NBA Star Paul Pierce With Crypto Violation appeared first on CoinGape.
- Mobile app
- Telegram Channel
- Telegram Group
- Binance Referral Link
- Bitmex Referral Link
- (Recommended For Leverage) ByBit Referral Link
- Buy Ledger Nano at discounted price
- Buy Cool Wallets at discounted price
Don't forget to share your review/suggestions for the android app.
All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risks