SEC Issues Warning About Celebrity Endorsing of ICO’s

SEC Issues Warning About Celebrity Endorsing of ICO’s

The SEC has warned celebrities not to advertise ICO’s. The advertisement of ICO’s may be a violation of anti-touting provisions, make the person liable for potential violations of the anti-fraud provisions, for participating in the promotion of an unregistered offer and sale of securities and make the person liable for acting as an unregistered broker.