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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.
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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.
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