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Decentralized Finance lending platform Rari Capital reaches settlement with the US SEC over unregistered securities and brokerage services
The United States Securities and Exchange Commission (SEC) has filed a settlement charge against DeFi protocol Rari Capital and its co-founders, alleging that they misled investors and engaged in unregistered broker activities. Rari Capital has agreed to pay a fine and be banned from serving as executives and directors for five years, but these injunctions must be approved by the court.
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