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SEC settlement with Rimar over misleading AI trading claims
AI trading

SEC Settles With Rimar Over False AI Trading Claims

The SEC has reached a settlement with Rimar for misleading investors about the use of AI in trading. Rimar's false claims raised nearly $4 million, leading to a $310,000 penalty without admission o...

AI tradingSEC headquarters with a focus on securities regulations and AI trading claims

SEC Settles Case with Rimar Over False AI Trading Claims

The SEC has settled with Rimar for misleading investors about using AI for trading. Rimar will pay $310,000 in civil penalties. Learn more about the case and AI-washing allegations.