Faded Hollywood action star Steven Seagal has agreed to pay $314,000 to settle fees from the Securities and Trade Fee that he violated anti-touting provisions of federal securities rules.
The SEC explained Seagal, whose films bundled “Above the Law”and “Out for Justice,” did not disclose payments he received for promoting an financial commitment in an original coin offering executed by Bitcoiin2Gen.
Regulators explained Seagal was promised $250,000 in cash and $750,000 really worth of B2G tokens for his do the job as a brand ambassador. He agreed to pay $157,000 in disgorgement and a $157,000 penalty. He also agreed not