SEC Settles Charges with Rari Capital Over Misleading Investors, Unregistered Brokers

Sep 18, 2024, 07:52 PM

The U.S. Securities and Exchange Commission (SEC) has settled charges against decentralized finance platform Rari Capital and its founders. The charges involve misleading investors and operating as unregistered brokers. Rari Capital, which once held over $1 billion in crypto assets, was accused of offering unregistered securities and falsely advertising their lending pools as autonomous. The charges relate to their two blockchain investment platforms. The SEC's settlement is part of its broader crackdown on decentralized finance platforms.