Kim Kardashian is obliged to pay an amount of $ 1.3 million to the Securities and Exchange Commission...
Kim Kardashian fined $1.3 million
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...a U.S. federal agency that regulates and monitors financial markets.
1.3M fine for Kim Kardashian
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Kardashian allegedly forgot to mention to her subscribers that she was paid $250000 to promote EMAX tokens, a crypto company.
A $1.3M fine for Kim Kardashian
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Here's what SEC Chairman Gary Glenser had to say about Kim's oversight:
A $1.3M fine for Kim Kardashian
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"Ms. Kardashian's case also serves as a reminder to celebrities ... that they are required by law to disclose to the public...
Kim Kardashian fined $1.3M
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...when and how much they are paid to promote investment in securities"
A fine of $1.3M for Kim Kardashian
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Investors have a right to know if a stock's advertising is unbiased...
Kim Kardashian Fined $1.3 Million
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...and Ms. Kardashian did not disclose this information."
A $1.3M fine for Kim Kardashian
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An oversight that we're going to say would be expensive for the average person...
A $1.3M fine for Kim Kardashian
Credit: WennCoverImages
...but for Kim it must be a simple hole in her wallet!