Regulators from the Lone Star State, commonly known as Texas, are investigating potential securities-law violations tied to the promotion and endorsement of FTX.US by famous athletes and celebrities.

According to Bloomberg, the Texas State Securities Board is probing Tampa Bay Buccaneers quarterback Tom Brady, Golden State Warriors point guard Stephen Curry, and other celebrities for receiving funds to endorse the FTX.US. In particular, the regulator is looking into whether they disclosed they were paid to make the endorsements, if they made public their earnings from such activities, and whether the information was available to retail traders.

(By John P. Njui)