Rule 17(a) — Blog — Whitman Legal Solutions LLC

Selling Real Estate Securities: Promoter Compensation (and why Kim Kardashian is paying a $1.26 million settlement to the SEC)

Kim Kardashian has agreed to pay a $1.26 settlement to the SEC for not disclosing that she was paid $250,000 to tout a crypto asset on her Instragram account. However, the rules that she violated are equally applicable to other issuers, including real estate fund sponsors.

Securities LawElizabeth WhitmanOctober 3, 2022Kardashian, promotor, Rule 17(a), transaction-based compensation, securities fraud

Bach to Business

Our award-winning blog draws from Elizabeth Whitman’s background in and passion for classical music to illustrate creative solutions for complex legal challenges for businesses and real estate investors.