Skip to Primary Navigation

Skip to main content

SEC: Van Eck to pay $1.75m fine for failing to disclose ‘finfluencer’ involvement

David Portnoy, president of sports and pop culture blog Barstool Sports.
David Portnoy, president of sports and pop culture blog Barstool Sports. Photo: Johnny Louis/WireImage

Julie DiMauro

1 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

The ETF manager agreed to settle an SEC investigation into a social media influencer’s role in promoting a fund it launched in 2021.

Investment adviser Van Eck Associates Corporation has agreed to pay a $1.75m fine to settle SEC charges (without admitting or denying the charge) that it had failed to disclose a social media influencer’s role in the launch of its VanEckSocial Sentiment ETF back in March 2021.

The ETF trades on the

, , , , , ,