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Reality star Kim Kardashian fined $ 1.2 million for hidden encrypted Instagram advertising

Kardashian has to pay the regulator $ 1.26 million. He will also collaborate on a further investigation and will no longer advertise cryptocurrencies for the next three years. “The case is a reminder that if celebrities or influencers are promoting investment opportunities, that doesn’t mean those products are the right investment for everyone,” the SEC said in a statement. “It should also remind celebrities and others that it is a legal obligation to report it and how much they get paid to advertise.”

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