The SEC settled charges with two celebrities for failure to disclose promotional fees. Pro boxer Floyd Mayweather and music producer DJ Khaled jointly will pay out nearly $800,000. The US Securities and Exchange Commission charged Pro boxer Floyd Mayweather and music producer DJ Khaled for promoting initial coin offering in social media without disclosing the fact that they were paid for that. “Starts in a few hours. Get yours before they sell out, I got mine,” Mayweather wrote in his Twitter; Khaled called the project a game-changer. According to the settlement, announced on Thursday, Mayweather got $100,000, while Khaled received $50,000 payment from Centra Tech Inc. for pumping the token sales. Apart from that, Mayweather is accused of failing to disclose $200,000 for promoting other ICO projects on Twitter and Instagram. The men neither admitted nor denied the charges, but agreed to pay the fines. Mayweather will pay over $600,000 including penalty and interest. Khaled will pay over $150,000. Earlier this year the SEC warned that some ICOs have features of security sales, carried out without proper registration with the regulator. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Turkish central bank Governor: Monetary policy tools will be used effectively FX Street 4 years The SEC settled charges with two celebrities for failure to disclose promotional fees. Pro boxer Floyd Mayweather and music producer DJ Khaled jointly will pay out nearly $800,000. The US Securities and Exchange Commission charged Pro boxer Floyd Mayweather and music producer DJ Khaled for promoting initial coin offering in social media without disclosing the fact that they were paid for that. "Starts in a few hours. Get yours before they sell out, I got mine," Mayweather wrote in his Twitter; Khaled called the project a game-changer. According to the settlement, announced on Thursday, Mayweather got $100,000, while Khaled… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
