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Trading firm dinged for using buzzwords about purported AI capabilities

AI robot interacting with people
Photo: Stefano Guidi/Getty Images

Julie DiMauro

3 min read
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The SEC also accused the pair of lying to investors about Rimar’s assets under management.

A trading firm has settled charges with the SEC after the agency accused it of faking its artificial intelligence (AI) capabilities and misleading investors to raise almost $4m. 

Rimar Capital, Rimar Capital USA, and the companies’ CEO Itai Liptz, plus Rimar USA board member Clifford Boro together paid a

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