Actor Steven Seagal Fined by SEC for Touting Token Offering (2)

Steven Seagal may have starred in “Above the Law,” but it turns out he isn’t in real life.

The 67-year-old Hollywood actor, who also appeared in “Under Siege,” became the latest celebrity punished by the U.S. Securities and Exchange Commission for failing to disclose that he was being paid to promote a digital token.

Seagal was promised $250,000 in cash and $750,000 worth of tokens for touting an initial coin offering from a company called Bitcoiin2Gen, the SEC said in a Thursday statement. In social media posts, Seagal urged fans not to miss out on the token offering. A ...