The U.S. SEC reaches a settlement agreement with the fake AI trading company Rimar Capital

Bitget2024/10/11 02:02

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

PANews reported on October 11th, according to Decrypt, that the U.S. Securities and Exchange Commission (SEC) has reached a settlement with Rimar Capital, which was accused of falsely claiming to use artificial intelligence (AI) for automated trading of cryptocurrencies and other assets.

Rimar Capital's CEO Itai Liptz and board member Cliffard Boro raised nearly $4 million in funds by claiming to use AI technology, but in reality did not use any AI technology. Rimar USA agreed to pay a civil penalty of $310,000 and was subjected to an investment ban and associated person prohibition order. The SEC stated that as AI becomes more prevalent in the investment field, it will continue to crack down on similar "AI whitewashing" behaviors.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.

华尔街见闻•2026/09/12 04:41