Kimberly of 'MY GIRL IS A LAWYER' tattoo fame has been fined by the U.S. Securities and Exchange Commission for…breaking the law.
“This case is a reminder that, when celebrities or influencers endorse investment opportunities, including crypto asset securities, it doesn’t mean that those investment products are right for all investors,” SEC chair Gary Gensler said, a very good burn in my humble opinion. “Ms. Kardashian’s case also serves as a reminder to celebrities and others that the law requires them to disclose to the public when and how much they are paid to promote investing in securities.
After a long few years of celebs like Gwyneth Paltrow, Reese Witherspoon, Matt Damon , Tom Brady, and French Montana , the SEC has finally had enough and is making an example out of the woman with the most clout: Kim and her 331 million Instagram followers.Unlike Kim, who makes more money resting her eyes beneath a top-of-the-line LED light therapy mask than most of us make in an entire year, regular consumers do not have bags of money laying around reserved for risky investments.
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