NxtVertexNxtVertex

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Samsung’s new foldable hinge may have a prettier appearance, but it probably won’t last much longer.

    March 3, 2023

    Silvergate concern causes a 5% drop in the price of bitcoin in 60 minutes.

    March 3, 2023

    The Biggest Gaming News For February 26, 2023

    March 1, 2023
    Facebook Twitter Instagram
    • Tech
    • Gadgets
    • Mobiles
    Facebook Twitter Instagram Pinterest VKontakte
    NxtVertexNxtVertex
    • Home
    • Tech

      Despite a massive decline in PC demand, Nvidia is still making billions in Q4 2023.

      February 26, 2023

      Snapchat has introduced fresh features called “Sounds” to simplify content creation.

      February 23, 2023

      Spotify has introduced a new feature called “DJ” that provides personalized music with commentary generated by artificial intelligence (AI).

      February 23, 2023

      The custom news application Artifact, created by the co-founders of Instagram, is now available to the general public, along with new enhancements.

      February 23, 2023

      Google and Mercedes collaborate to integrate YouTube and Maps into their vehicles.

      February 23, 2023
    • Mobiles

      Samsung’s new foldable hinge may have a prettier appearance, but it probably won’t last much longer.

      March 3, 2023

      The newest Nokia phone from HMD is made to be repaired quickly.

      February 26, 2023

      What is the Galaxy Watch’s strap size? How to Select the Best Band

      February 20, 2023

      The Xiaomi 13 Ultra concept renders reveal the future Leica flagship.

      February 19, 2023

      Please, Apple, do not remove all of the buttons.

      February 19, 2023
    • Gaming
    • Gadgets
    • Crypto
    • How To
    • About Us
    • Contact
    NxtVertexNxtVertex
    Home»Crypto»The SEC has charged NBA legend Paul Pierce for promoting the EthereumMax cryptocurrency.
    Crypto

    The SEC has charged NBA legend Paul Pierce for promoting the EthereumMax cryptocurrency.

    Former Boston Celtics player Paul Pierce greets fans as he enters the MassMutual Center for the 2021 Naismith Memorial Basketball Hall of Fame Enshrinement. David Butler II-USA TODAY Sports is required to provide credit.
    NxtvertexBy NxtvertexFebruary 17, 2023Updated:February 17, 2023No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    NBA legend Paul Pierce
    IMAGE CREDITS: [The Sun]
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The SEC has charged NBA Hall of Famer Paul Pierce with making false and misleading promotional statements about the cryptocurrency EthereumMax.

    According to the SEC charges, Pierce failed to disclose a payment of more than $244,000 in EMAX.

    “This case serves as yet another reminder to celebrities: the law requires you to disclose to the public who pays you and how much you are paid to promote investment in securities, and you cannot lie to investors when you tout a security,” said SEC Chair Gary Gensler.

    The order also claims Pierce made false statements about EMAX, including tweeting a screenshot of an account with large holdings and profits while failing to disclose that his own personal holdings were much lower.

    Pierce’s tweets also included a link to the EthereumMax website, which detailed how potential investors could purchase EMAX tokens.

    According to the SEC’s order, Pierce violated the federal securities laws’ anti-touting and anti-fraud provisions. Pierce has agreed to pay a $1.1 million penalty as well as approximately $240,000 in disgorgement and prejudgement interest without admitting or denying the SEC’s findings. Pierce also agreed to refrain from promoting any crypto asset securities for the next three years.

    Kim Kardashian agreed to pay $1.2 million to settle SEC charges for failing to disclose the payment she received for promoting EthereumMax in October.

    Several celebrities increased the hype around digital assets in 2021 during the crypto bull run by endorsing various crypto tokens on their social media platforms, which can have a large reach.

    Matt Damon, Tom Brady, Mike Tyson, Reese Witherspoon, Mark Cuban, DJ Khaled, Floyd Mayweather, Justin Bieber, and Madonna are among the other notable celebrity crypto endorsers.

    According to a September 2022 Bankrate poll, U.S. investor confidence in cryptocurrencies has dropped since last year, particularly among millennial and Gen-Z investors who use social media as their primary investing source.

    Millennials’ comfort with cryptocurrencies fell by 41% between 2021 and September 2022.

    “When celebrities endorse investment opportunities, including crypto asset securities, investors should exercise caution in determining whether the investments are appropriate for them, and they should understand why celebrities are making those endorsements,” Gensler added.

    picks
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Nxtvertex
    • Website

    Related Posts

    Silvergate concern causes a 5% drop in the price of bitcoin in 60 minutes.

    March 3, 2023

    US cryptocurrency legislation is being place “behind closed doors” CEO of Blockchain Association

    February 22, 2023

    Here’s Why Over $370 Billion in Bitcoin Has Gone “Dormant”

    February 22, 2023

    Coinbase reports a $557 million loss while focusing on costs.

    February 22, 2023
    Add A Comment

    Leave A Reply Cancel Reply

    Editors Picks

    Silvergate concern causes a 5% drop in the price of bitcoin in 60 minutes.

    March 3, 2023

    The Biggest Gaming News For February 26, 2023

    March 1, 2023

    Next month, the laid-back eco-strategy game Terra Nil will launch on Steam and Netflix.

    March 1, 2023

    Despite a massive decline in PC demand, Nvidia is still making billions in Q4 2023.

    February 26, 2023
    Top Reviews
    9.1

    Review: Mi 10 Mobile with Qualcomm Snapdragon 870 Mobile Platform

    By Nxtvertex
    8.9

    Comparison of Mobile Phone Providers: 4G Connectivity & Speed

    By Nxtvertex
    8.9

    Which LED Lights for Nail Salon Safe? Comparison of Major Brands

    By Nxtvertex
    Advertisement
    Demo
    NxtVertex
    Facebook Twitter Instagram Pinterest
    • Home
    • Tech
    • Crypto
    • Gadgets
    • Mobiles
    © 2023 Nxtvertex. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.