Securities products and social media don’t always mix. Just ask any of the celebrities who in recent years have faced SEC charges for unlawfully touting crypto asset securities. In March, the SEC settled charges against six well-known personalities, including the likes of actress Lindsay Lohan and rapper Lil Yachty, for promoting on their social media certain crypto asset securities without telling their followers that they were being paid to do so in violation of section 17(b) of the Securities…
By: Carlton Fields
By: Carlton Fields
