**Breaking News: SEC Settles Charges with Rari Capital and Co-Founders**

The U.S. Securities and Exchange Commission (SEC) has settled charges with decentralized finance (DeFi) platform Rari Capital and its co-founders, Jai Bhavnani, Jack Lipstone, and David Lucid. The SEC alleged that Rari operated as an unregistered broker, offered unregistered securities, and misled investors.

- **Key Points:**

- Rari's Earn and Fuse pools were marketed as high-yield crypto investment funds but failed to deliver as promised.

- The SEC claims Rari misled investors about the automatic rebalancing of Earn pools and the actual yields.

- Co-founders agreed to fines and five-year officer-and-director bans, pending court approval.

What are your thoughts on the SEC's actions? Share in the comments! 💬