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Tom Brady, Steph Curry FTX Endorsements Probed by Texas Regulator

  • State looking at whether endorsements violated securities laws
  • Texas investigating disclosures made to retail investors
The FTX app

The FTX app

Photographer: Leon Neal/Getty Images
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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.