US securities regulator SEC crypto money continues its lawsuits at full speed. The new winner is Rari Capital. The SEC, which is suing the company and its founders for many crimes, including serving as an unregistered broker, is fulfilling its commitment at the end of 2021. Agency officials said that as of 2022, you will see the days when cryptocurrency companies will pay the price.
Cryptocurrency Case Breaking News
DeFi protocol Rari Capital and its co-founders Jai Bhavnani, Jack Lipstone, and David Lucid have been charged with multiple crimes by the SEC. The SEC says that the company is guilty of misleading investors and providing unregistered brokerage services, and that Rari Capital misled investors about both the features and profitability of some of the crypto asset investments it offered.
Monique, Director of the SEC San Francisco Regional Office, said:
“Rari Capital and its founding partners, Rari CapitalSome of the offers of crypto- We allege that the company misled investors about both the characteristics and profitability of its asset investments and acted as an unregistered broker.”
In order to resolve the Commission’s charges, Rari Capital and the three co-founders consented to the entry of final judgments enjoining various forms of relief, including permanent injunctions, conduct-based injunctions, civil penalties, damages with prejudgment interest, and a five-year debarment from equitable officers and directors against the co-founders, without admitting or denying the SEC’s allegations.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
