SEC Fines Adviser Over Payments To Social Media Influencers

By Emilie Ruscoe (August 22, 2023, 6:02 PM EDT) -- A Washington, D.C.-based investment adviser has agreed to pay $250,000 to resolve U.S. Securities and Exchange Commission claims that it paid over $8 million to 200 digital content creators so they would tout some of its offerings without including certain required disclosures in their promotions....

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