SEC

Influencer Marketing?  Beware: The SEC May Knock the Coin Out of You

December 6, 2018  Last Thursday, the Securities and Exchange Commission (“SEC”) announced that it had settled influencer marketing charges brought against professional boxer, Floyd Mayweather Jr. (“Mayweather”), and music producer, DJ Khaled (“Khaled”), for “unlawfully touting” cryptocurrency deals involving initial coin offerings (“ICOs”). The charges against Mayweather and Khaled represent the first two cases brought […]

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United States Senator Seeks Investigation into Alleged Pyramid Scheme

In April, 2013, we distinguished the difference between multilevel marketing (“MLM”) and a pyramid scheme.  (See Multi-Level Marketing Programs Vs. Pyramid Schemes).  Two days ago, United States Senator Edward J. Markey of Massachusetts sent separate letters to the Federal Trade Commission (“FTC”) and the United States Securities and Exchange Commission (“SEC”) urging them to investigate

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