* Rachel Gold is a law clerk in the Corporate/Securities Law practice group.
Following up on its action against other celebrities who have promoted crypto investments without disclosing their compensation interest, the Securities and Exchange Commissions (“SEC”) announced “unlawful touting” charges and Order against reality star Kim Kardashian for promoting a cryptocurrency on social media without acknowledging that she was being compensated for the post. This enforcement action is a reminder that it is not just the Federal Trade Commission (“FTC”) who is enforcing compensation disclosures on social media.
Companies and advertisers need to ensure that any “Made in USA” claims they make are not misleading, as the FTC has increased scrutiny of such claims.
The Federal Trade Commission issued its annual list of consumer complaints received by its Consumer Sentinel Network.