He also agreed to not promote any cryptocurrency asset for three years. Shortly after its formation in 2007, the organization built a solid foundation by adding elite fighters and trainers to the company's roster. Mayweather Promotions, LLC is a boxing promotional firm founded in 2007 by Floyd Mayweather Jr.
The evolution of Mayweather Promotions was one of inevitability as Floyd Mayweather garnered unprecedented success in the spor t. The SEC release states Pierce agreed to pay the fine without admitting to or denying the charges against him. Mayweather Promotions seamlessly promotes all forms of live entertainment. Kim Kardashian agreed to pay a $1.26 million fine to the SEC in October for not disclosing that she was being paid to promote EMAX tokens.īoxer Floyd Mayweather and music producer DJ Khaled were fined in 2018 over their failure to disclose that they were paid to promote a cryptocurrency exchange. Pierce is not the first celebrity to be fined over their promotion of a cryptocurrency exchange without revealing that they were being paid to promote it.
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An American professional Boxing Promoter and a former Boxer. “This case is yet another reminder to celebrities: The law requires you to disclose to the public from whom and how much you are getting paid to promote investment in securities, and you can’t lie to investors when you tout a security,” SEC Chair Gary Gensler said in the release. Pronunciation of floyd mayweather with 3 audio pronunciations, 2 meanings, 29 sentences and.
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