Kim Kardashian fined $1.3M by the SEC

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Kim Kardashian fined $1.3M by the SEC
Kim Kardashian is obliged to pay an amount of $ 1.3 million to the Securities and Exchange Commission...

  Kim Kardashian fined $1.3 million

Kim Kardashian fined $1.3 million
Credit: WennCoverImages
...a U.S. federal agency that regulates and monitors financial markets.

  1.3M fine for Kim Kardashian

1.3M fine for Kim Kardashian
Credit: WennCoverImages
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

A $1.3M fine for Kim Kardashian
Credit: WennCoverImages
Here's what SEC Chairman Gary Glenser had to say about Kim's oversight:

  A $1.3M fine for Kim Kardashian

A $1.3M fine for Kim Kardashian
Credit: WennCoverImages
"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

Kim Kardashian fined $1.3M
Credit: WennCoverImages
...when and how much they are paid to promote investment in securities"

  A fine of $1.3M for Kim Kardashian

A fine of $1.3M for Kim Kardashian
Credit: WennCoverImages
Investors have a right to know if a stock's advertising is unbiased...

  Kim Kardashian Fined $1.3 Million

Kim Kardashian Fined $1.3 Million
Credit: WennCoverImages
...and Ms. Kardashian did not disclose this information."

  A $1.3M fine for Kim Kardashian

A $1.3M fine for Kim Kardashian
Credit: WennCoverImages
An oversight that we're going to say would be expensive for the average person...

  A $1.3M fine for Kim Kardashian

A $1.3M fine for Kim Kardashian
Credit: WennCoverImages
...but for Kim it must be a simple hole in her wallet!

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