Celebrity-Endorsed Investments A Bad Idea: SEC

Nov 03, 2017

   Wochit Headline News
A statement issued by the US Securities and Exchange Commission calls for investors to be wary of investments endorsed by celebrities.In the statement, the SEC pointed out that celebrities can be lured into unsound investments just like the general population. It said that companies can even use a celebrity for marketing purposes without their consent.This warning likely comes in response to the increasing popularity of initial coin offerings.