SEC CHARGES DEFI PLATFORM RARI CAPITAL AND ITS FOUNDERS WITH MISLEADING INVESTORS AND ACTING AS UNREGISTERED BROKERS

Summary from the TLDR Crypto newsletter

The SEC has charged Rari Capital, a DeFi platform, and its founders with misleading investors and engaging in unregistered broker activity, alleging that the platform falsely promoted features of its crypto investment products and conducted unregistered securities offerings. Rari Capital and its successors settled the charges, agreeing to penalties and legal restrictions without admitting or denying the allegations.