Cooley offices in Washington, D.C. (Photo: Diego M. Radzinschi/ALM) Cooley Keeps Up With Kim Kardashian in $1.26M SEC Settlement
Kardashian failed to disclose that she was paid to promote a cryptocurrency product on social media, according to the SEC.
October 03, 2022 at 10:58 AM
2 minute read
When reality TV star and entrepreneur Kim Kardashian came under scrutiny from the U.S. Securities and Exchange Commission over her endorsement of a cryptocurrency product, she turned to Cooley.
Kardashian agreed to pay $1.26 million in penalties and disgorgement as the SEC accused her of violating the anti-touting provision of federal securities laws by not revealing she was paid $250,000 to discuss a crypto token on her Instagram page.
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