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by EGreg 1188 days ago
Not sufficient. The Sectiom 17b of the Securities and Exchange Act is clear: celebrities must disclose the types of assets AND the amount they got etc.

They kept warning this as far back as 2017 btw:

https://www.sec.gov/news/public-statement/statement-potentia...

1 comments

Wait wait? How come in all the commercials with athletes and actors they don't say how much the actor was paid then?
The stipulations are in regards to endorsement of securities, not regular goods and services.
Wouldn't be a bad rule in general though.

"I think Pepsi is great!" - X was paid $20 million to film this ad