Rimar Capital USA and others settle SEC charges

Party

Rimar Capital USA, Inc. (Rimar USA), Rimar Capital, LLC (Rimar LLC), Itai Liptz, and Clifford Boro — SEC.gov | SEC Charges Rimar Capital Entities and Owner Itai Liptz for Defrauding Investors by Making False and Misleading Statements About Use of Artificial Intelligence

AI

for making false and misleading statements about Rimar LLC’s purported use of artificial intelligence, or AI, to perform automated trading for client accounts — SEC.gov | SEC Charges Rimar Capital Entities and Owner Itai Liptz for Defrauding Investors by Making False and Misleading Statements About Use of Artificial Intelligence

Alleged

The SEC says: an investment adviser that was falsely described as having an AI-driven platform for trading securities — SEC.gov | SEC Charges Rimar Capital Entities and Owner Itai Liptz for Defrauding Investors by Making False and Misleading Statements About Use of Artificial Intelligence

Docket

The release names no docket number.

1. 10 Oct 2024 Rimar Capital USA, Inc., Rimar Capital, LLC, Itai Liptz and Clifford Boro settle SEC charges · settled The parties agreed to settle the SEC’s charges and pay $310,000 in total civil penalties. — SEC.gov | SEC Charges Rimar Capital Entities and Owner Itai Liptz for Defrauding Investors by Making False and Misleading Statements About Use of Artificial Intelligence; date from the release’s date line, “Washington D.C., Oct. 10, 2024 —”

jesseahawkins.com, “Rimar Capital USA, Inc., Rimar Capital, LLC, Itai Liptz and Clifford Boro: SEC action that names AI”, AI enforcement record, release read 3 Nov 2026. https://jesseahawkins.com/rules/enforcement/sec-rimar/