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case against the celebrities, it s not that they are commercial spokespeople. they are promoting and unregistered security. that is, it there are state laws and federal laws that were set of early in the 19 twenties, if you promote unregistered security, you are liable. and in fact, the scc wrote the celebrities in 2017 and said if we declare that these interest accounts are securities, you may be liable under the law. so here s what i m wondering right now. when you take a look at the celebrities? right we saw an image of celebrities that endorsed ftx, like steph, great larry david, tom brady, giselle bundchen to name a few. did they just endorse ftx or actually invest as well? well first of all, they did not endorse, they promoted the product. that is a term under the law. so there is no dispute, nothing here is contradicted.

State lawsPinterest accountsTom bradyLike stephLarry davidGiselle bundchen