Enforcement staffers, however, say the unveiling of the Kardashian case is a perfect example of Gensler’s limelight-seeking ways.
There was no press conference with Gensler surrounded by the lawyers who worked the case. The press release and documents on the settlement were released on the SEC’s website on Monday at 7:30 am EDT; Gensler tweeted at 7:50 he would appear on the financial cable news channel CNBC to discuss details.
People at the commission believe he had relayed details of the case well beforehand to CNBC, unbeknownst to most enforcement officials, since the network had also perfectly timed the breaking news of the case just seconds after 7:30 am.
They were also angered by a YouTube video that Gensler produced without their knowledge and tweeted to his followers at 7:30 am EDT. Without mentioning Kardashian by name, he issued a warning about believing the hype of celebrity endorsements when it involves risky investment products like crypto.
‘Enforcement 40’ for 2020
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