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Steph Curry

About Steph Curry

Steph Curry is an NBA All-Star point guard.

Headquarters Location

San Francisco, California,

United States

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Tom Brady, Steph Curry FTX Endorsements Probed by Texas Regulator

Nov 22, 2022

Ireland Rents Surge as Much as 24% in Fastest Gain on Record Bahamas to Let Delaware Judge Handle Part of FTX Restructuring Case Taking to the Skies Tuesday? It’s Likely to Be Busiest of Thanksgiving Week New Zealand Posts Record Annual Trade Deficit as Imports Surge HyperloopTT Agrees to Merge With Ex-Disney Executives’ SPAC Tom Brady, Steph Curry FTX Endorsements Probed by Texas Regulator FTX Latest: Genesis Bankruptcy Warning Buffets Crypto Markets India’s Big Plans for Cleaner Jet Fuel Face a String of Hurdles Amundi Is Downgrading ‘Almost All’ Funds With EU’s Top ESG Tag World’s Worst-Performing Stocks Have Vietnam Investors on Edge Malawi Becomes First Low-Income Nation to Get IMF Food-Shock Loan Asian Stocks Set for Cautious Open on China, Fed: Markets Wrap Billionaire Investor Carl Icahn Is Betting Against GameStop Shares Live Nation, Ticketmaster Split May Be Needed, Senators Tell DOJ Dell gains after beating sales estimates on demand for tech services Zoom's sales growth slows even as enterprise business stays steady Hedge Funds Stay Bearish Even After Big Short Squeeze in Stocks South Korea ‘Ready’ for Fresh Credit Support If Needed, Official Says Jollibee Foods Plans China Expansion With Focus on Smaller Stores New Zealand Posts Record Annual Trade Deficit as Imports Surge India’s Big Plans for Cleaner Jet Fuel Face a String of Hurdles Asian Stocks Set for Cautious Open on China, Fed: Markets Wrap FTX Latest: Bankman-Fried Faces Grilling by Lawmakers He Backed Ukraine Latest: Germany Will Offer Patriot Missiles to Poland US Prosecutors Opened Probe of FTX Months Before Its Collapse A Piece of Patagonia Can Be Yours — But There’s a Catch No More Gas Cooking by 2030, Australia Property Giant Promises Oil edges lower in volatile session amid OPEC-headline turmoil US Orange Juice Imports From Brazil Surge as Florida Suffers Setbacks Russia Reiterates It Won’t Sell Oil to Nations That Cap Prices Biden Promises No 'Fowl Play" at Chocolate and Chip Turkey Pardoning Shell to Evaluate £25 Billion UK Investments After Windfall Tax Saudis Deny Report of Talks on OPEC+ Oil-Production Increase EV Battery Heavyweights Revive City’s Dream of Factory Glory UK Plugs EU Science Gap With £484 Million Research Funding Ukraine Plans to Raise Oil Transit Fee After Russian Strikes Eskom Latest: Power Cuts Extended; Energy Transition Head Quits Bill Gates-Led Fund Backs Pulsed-Power Technology to Clean Up Mining The Daily Chase: Smith Financial to buy Home Capital; Iger back at Disney Qatar bans alcohol sales at World Cup stadiums in abrupt u-turn Majority of Canadians plan to cut back spending ahead of the holiday season: Survey Gasoline prices surged almost 10% in October: Statistics Canada The Daily Chase: Ontario Teachers' Pension Plan writes off FTX investment; Qatar bans FIFA boozes 'Sense of relief:' Ottawa rejection of Nunavut mine expansion draws praise, criticism The federal government 'strongly encourage' people to use masks while travelling The Daily Chase: Rate hikes loom over investor sentiment; Cisco forecasts strong sales growth ​CPI: Mortgage costs increased the most in October since 1991 ​Majority of millennials aren’t saving enough for retirement: Survey The Taylor Swift ticket presale drama brought millennial and gen Z offices to a halt Here's a list October inflation rates for Canadian provinces Canada inflation steady at 6.9%, keeping rate hikes on track The Daily Chase: Canadian inflation stalls in October: Grocer earnings top analyst expectations G-20 leaders end summit condemning Russia despite divisions CPI: What economists are expecting to see from the latest inflation data Statistics Canada says manufacturing sales unchanged in September at $70.4B Majority of Canadians in favour of taxing homes over $1M: Survey Technical recession is new consensus call for Canada's economy FTX Latest: Bankman-Fried Faces Grilling by Lawmakers He Backed Ukraine Latest: Germany Will Offer Patriot Missiles to Poland Taiwan Party That Wants Stronger Ties With China Has a New Star EU Blames Kosovo for Failing to Ease Spat Amid Fear of Violence Iran World Cup Team in Spotlight as Violence Mounts at Home Biden Promises No 'Fowl Play" at Chocolate and Chip Turkey Pardoning Poland Wants Germany to Deploy Patriot System by Ukraine Border Latin America Bank Picks Brazil’s Goldfajn as Next President Obama Heads Back to Georgia to Help Warnock in Senate Runoff New Trump Special Counsel Is Already in a Race Against Time — 2024 UK Plugs EU Science Gap With £484 Million Research Funding Morgan Stanley Downgrades Brazil as Lula Imperils Value Play Russians Flock to Spain Despite European Union Flights Sanctions Dwindling Reserves See Kenya’s Import Cover Hit Seven-Year Low US Gives PG&E Up to $1.1 Billion to Save California’s Last Nuclear Plant Pakistan Orders Probe Into Leak After Report on Army Chief’s Family Wealth US, EU Aim to Hit Back at Non-Market Policies With Eye on China Tory Politician Calls on Coca-Cola to Justify Qatar Soccer Deal Sticky Inflation to Spur Interest-Rate Hikes in Seven Key African Economies Bahamas to Let Delaware Judge Handle Part of FTX Restructuring Case HyperloopTT Agrees to Merge With Ex-Disney Executives’ SPAC Tom Brady, Steph Curry FTX Endorsements Probed by Texas Regulator FTX Latest: Genesis Bankruptcy Warning Buffets Crypto Markets Asian Stocks Set for Cautious Open on China, Fed: Markets Wrap Billionaire Investor Carl Icahn Is Betting Against GameStop Shares Intel Foundry Leader to Depart, Shaking Up Gelsinger’s Turnaround Plan Crypto Markets Sag as Funds Drained From FTX Switch Out of Ether FTX Latest: Bankman-Fried Faces Grilling by Lawmakers He Backed IBM Sues Micro Focus for Copying Its Software Amazon Backed Out of Taking a Stake in Argo. US Prosecutors Opened Probe of FTX Months Before Its Collapse Coinbase Hits Record Low as Crypto Contagion Anxiety Intensifies Carvana Stock Rout Hits 97% This Year With Used-Car Prices Crumble Cathie Wood Goes On Coinbase Buying Spree as Wall Street Sours Tesla Rout Accelerates as China Covid Risk Returns During Twitter Chaos ‘Astounding’ $575 Million Crypto Fraud Yields Arrests in Estonia Tiger Global’s Now-Worthless FTX Bet Had Bain’s Due Diligence Musk Fires More Twitter Sales Workers After ‘Hardcore’ Purge The U.S. Fed is failing in four ways: Mohamed A. El-Erian Apple, JPMorgan turn to pay now grow later Remote Working Boom Is Huge for College Towns Like Knoxville Walmart flashes a warning sign to the entire consumer economy: Andrea Felsted Millennials are finally spending like grown-ups Dismal U.S. GDP report raises the odds of recession this year: Gary Shilling Musk is wrong for Twitter even if deal math works out Chocolate bunnies can teach us to save our food supply The Fed has made a U.S. recession inevitable America's oil reserve weapon risks misfiring Four-day workweeks can burn you out U.S. Fed expects a soft landing. Don't count on it Markets are pushing Fed into developing-economy territory Commodity traders go from bonanza to bailout plea Putin's war shows West must clean up dirty money Salary transparency is good for everyone Microsoft's US$69B Activision deal could be a blunder What if the oil market bulls are wrong and this lonely bear is right? Canada's trucker protest may spread from Ottawa to U.S. Amundi Is Downgrading ‘Almost All’ Funds With EU’s Top ESG Tag FTX Latest: Bankman-Fried Faces Grilling by Lawmakers He Backed Cathie Wood Goes On Coinbase Buying Spree as Wall Street Sours Biggest Bitcoin Fund Hits 45% Discount as Parent’s Woes Deepen  Former AQR Quant Says Wall Street Isn't Doing Portfolio Diversity Right Why One Asset Manager Avoided FTX Before the Storm: Bitwise Q&A Goldman Sees Holiday Sales Creating Volatility in Retail Stocks Crypto-Product Pipeline Goes Bust as Survival Questioned BMO Launches ARK-Managed ETF Series Focusing on Innovation Crypto Stocks’ Rout Delivers $469 Million Win to Short Sellers Assessing the BITO ETF One Year In Thai Bourse to Boost ETFs, Depository Receipts on Foreign Firms EU’s Financial Watchdogs Launch Joint Review of Greenwashing Cathie Wood Buys the Dip in Bitcoin Fund as Discount Hits Record The Waltons: World’s Richest Family Trims Exposure to Emerging Markets Crypto ETF Provider Valkyrie Investments Lays Off 30% of Staff Traders Pump Record $658 Million Into Bet Against Tech Stocks World’s Biggest Crypto Fund Hits Record 42% Discount to Value of Bitcoin It Holds BlackRock ‘Indefinitely’ Shelves China Bond ETF Launch, FT Says Women making small gains, but still troublingly under-represented in the C-suite Gerry Schwartz to step down as CEO at Onex, Bobby Le Blanc named next CEO Dominic Barton on Canada-China relations, future at Rio Tinto 'We’re serving Canadians better' following the pandemic: McKesson Canada CEO Rebecca McKillican World's richest family loses US$11.4B in Walmart rout 'Fine balance': Rania Llewellyn on fitting her long-term inclusion goals into Laurentian's revamp First female bank CEO in Canada leads with younger self in mind ​Company holiday parties are making a comeback, but many employers have a plan B Elon Musk and Jeff Bezos now worth almost half a trillion dollars Jane Fraser has a plan to remake Citigroup while tormenting rivals ‘Forever changed’: CEOs are dooming business travel — maybe for good National Bank names Laurent Ferreira CEO, succeeding Vachon The remote-work czar is the new shortcut to the C-Suite Olympics boss aims to put 'most-followed' Tokyo games on track Wellness resorts eye long COVID treatments as new moneymaker Ghosn accomplice says he 'deeply regrets' helping him escape Gates divorce speeds divergence of separate investing goals Buffett exits as Gates Foundation trustee, sidestepping rift Gates’s divorce casts harsh glare on US$170 billion money manager Allyson Versprille, Bloomberg News Tom Brady accepts the Sports Person of the Year award during The 2021 Sports Illustrated Awards at Seminole Hard Rock Hotel & Casino on December 07, 2021 in Hollywood, Florida. Photographer: Mark Brown/Getty Images , Photographer: Mark Brown/Getty Images (Bloomberg) -- Tampa Bay Buccaneers quarterback Tom Brady and the Golden State Warriors’ Steph Curry are among the celebrities that a Texas regulator is investigating for potential securities-law violations tied to their promotions of crypto exchange FTX. The regulator is scrutinizing payments received by the celebrities to endorse FTX US, along with what disclosures were made and how accessible they were to retail investors, Joe Rotunda, director of enforcement at the Texas State Securities Board, told Bloomberg News in an interview. “We are taking a close look at them,” Rotunda said. Though the stars’ endorsements aren’t the most immediate priority, they’re still a focus in the regulator’s larger probe into FTX’s collapse, he said. For celebrities, FTX might be the loudest lesson yet on the reputational, legal and regulatory risks of hyping crypto. Even before the collapse, the US Securities and Exchange Commission was cracking down on plugs without proper disclosures. The Texas probe serves as a reminder that state securities laws might also apply. Last week, stars including Curry, Brady and model Gisele Bundchen were named as defendants in a class action lawsuit over whether Sam Bankman-Fried’s FTX targeted “unsophisticated investors” using star endorsers. “If a celebrity says, ‘I’ve looked into this investment and it’s terrific and you ought to put your money into it’ -- and if they haven’t looked into it, that could be a misrepresentation,” said John Olson, a retired securities lawyer and former Georgetown University law professor. If what’s being marketed is deemed to be a security, “they’re basically doing something that may very well violate state securities laws,” Olson said. Representatives for Brady, Bundchen and Curry didn’t immediately respond to requests for comment. FTX didn’t respond to a request for comment. Texas is communicating with other states as it digs into the FTX issues, Rotunda said. He didn’t know whether the SEC was probing the celebrity endorsements as part of its broader investigation into the collapsed crypto trading giant. The SEC declined to comment. Kim Kardashian  The SEC has taken enforcement actions against celebrities in other crypto cases. In October, it said Kim Kardashian would pay $1.26 million to settle allegations that she broke US securities rules by promoting a crypto token on her Instagram, without disclosing to her followers that she was paid $250,000 to pitch it. Kardashian didn’t admit or deny the SEC’s allegations as part of the settlement, in which she agreed not to tout any digital assets for three years. As part of its FTX probe, the Texas regulator is taking a close look at exactly what was being promoted -- for instance, whether the celebrities were encouraging US investors to engage with a certain trading platform or products directly, Rotunda said. Before FTX’s collapse, the regulator had said it was investigating whether the firm violated its securities laws by offering yield-bearing crypto accounts to US residents. “There are a couple different layers to peel away to get down to it,” Rotunda said. ©2022 Bloomberg L.P.

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