Boxer Floyd Mayweather Jr and music producer DJ Khaled will pay thousands of dollars to settle charges that they violated US financial laws. The US Securities and Exchange Commission announced the settlement on Thursday as the US financial regulator said the men failed to disclose payments they received to promote certain cryptocurrency investments. The men neither admitted nor denied the claims, but agreed to pay combined penalties totalling more than $750,000. The two cases are the first the SEC has brought over touting violations involving initial coin offerings or ICOs, a relatively new investment vehicle associated with crypto-currencies. An ICO allows people to invest in a company by buying "tokens" or "coins" that it issues. Despite the new language, the SEC has warned investors that it views many of the offerings as investments governed by existing secur...
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