Live broadcast, February 18 today, according to US media TMZ, Pierce, an NBA celebrity, was accused of improperly promoting encrypted currency on social media and reached a settlement with the US Securities and Exchange Commission, and agreed to pay a fine of 1.409 million dollars.
According to the US Securities and Exchange Commission, Pierce received a total of 244000 dollars in compensation for promoting these encrypted currencies, and Pierce “did not disclose the compensation received for promotion” during the promotion process “,” False and misleading publicity “was also carried out on the product”.
The SEC also said Pierce finally agreed to pay a fine of $1.409 million (including payment and interest) to settle the charges.