NEW YORK (Reuters) – Registered investment adviser Van Eck Associates Corporation has agreed to pay a $1.75 million penalty to settle U.S. Securities and Exchange Commission charges related to the launch of a new exchange-traded fund, the regulator said on Friday.
Van Eck failed to disclose a social media influencer’s role in the launch of its VanEckSocial Sentiment ETF in March 2021, the SEC said in a statement.
(Reporting by Chris Prentice)
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