The SEC has announced a settlement with Rari Capital, a decentralized finance (DeFi) platform, and its co-founders over allegations of misleading investors and operating as an unregistered broker. The SEC claimed that Rari Capital and its founders misled investors regarding the features and profitability of certain crypto asset investments. The platform held over $1 billion worth of assets at one point. Rari Capital and its founders agreed to various penalties, including permanent injunctions, civil penalties, disgorgement, and officer-and-director bars for five years. Rari Capital Infrastructure also agreed to a cease-and-desist order.



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