News Snapshot:
Celebrities who endorsed the now-bankrupt cryptocurrency trading platform FTX — including Tom Brady, Stephen Curry, and Larry David — may soon learn not to mess with Texas state regulators. Joe Rotunda, the director of enforcement at the Texas State Securities Board, told Bloomberg News on Monday that his agency is investigating payments made to star athletes and entertainers who pitched the failed crypto exchange run by disgraced founder Sam Bankman-Fried. Rotunda is examining the extent to which these celebrity endorsers disclosed their financial stakes in FTX as well as how accessible the disclosures were to retail investors. “We are taking...
