Tue, Jul 21, 2026
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEC cracks down on DeFi platform Rari Capital for securities violations
Thursday, September 19, 2024

Matthias Knab, Opalesque for New Managers:

In a significant move that underscores the increasing regulatory scrutiny of the cryptocurrency sector, the U.S. Securities and Exchange Commission (SEC) has taken action against Rari Capital, a prominent player in the decentralized finance (DeFi) space. The charges, announced on September 18, 2024, highlight the SEC's commitment to enforcing securities laws in the rapidly evolving crypto landscape.

The Charges

The SEC has settled charges with Rari Capital, Inc., its three co-founders (Jai Bhavnani, Jack Lipstone, and David Lucid), and Rari Capital Infrastructure LLC. The charges include:

  • Misleading investors
  • Engaging in unregistered broker activity
  • Conducting unregistered offerings of securities

    • These violations stem from Rari Capital's operation of two blockchain-based investment platforms that, at their peak, held over $1 billion worth of crypto assets.

    The Investment Products

    Rari Capital offered two main investment products:

  • Earn pools: Managed by Rari, allowing investors to deposit crypto assets and earn returns.
  • Fuse pools: User-created lending pools with similar functionality to Earn pools.

    • In......................

    To view our full article Click here
    Article link
    Previous Opalesque Exclusives                                  
    Previous Other Voices                                               
    Access Alternative Market Briefing

     



    • Top Forwarded
    • Top Tracked
    • Top Searched
    1. Other Voices: Nvidia extraordinary growth and the challenge of sustaining demanding valuations over time[more]

      Antonio Di Giacomo, Senior Market Analyst at XS.com, writes: Nvidia has established itself as one of the most extraordinary growth companies in the global technology sector. Over the past two fiscal years, its revenues have risen from levels close to $60 billion annually to well above $120 billi

    2. Secondaries take center stage: What the 2026 PE landscape means for GPs and investors[more]

      Matthias Knab, Opalesque for New Managers: The 2026 edition of Dechert's Global Private Equity Outlook - "Signs of a Gradual Thaw" - marks a notable shift in industry sentiment. After years of compr

    3. And, finally: Time to share it with the people[more]

      From Newsoftheweird: Leavenworth, Washington, has become a tourist destination because of the Bavarian theme businesses have adopted there, NPR reported. One shop, the Leavenworth Nutcracker Museum, houses the world's largest nutcracker collection, thanks to 101-year-old Arlene Wagner. Wagner sta

    4. Opalesque Exclusive: Private Markets Evergreen Funds - An Insider's View[more]

      Matthias Knab, Opalesque for New Managers: Private Markets Evergreen Funds: What Investors Need to Know Before They Dive In The democratization of private markets is well underway. Structural barriers t

    5. Opalesque Exclusive: Governance, Scale, and Boutique Resilience in a Consolidating Hedge Fund Industry[more]

      Matthias Knab, Opalesque for New Managers: The hedge fund industry has undergone significant consolidation in recent years, with capital increasingly concentrated among large multi-strategy platforms. Yet boutique m

    Click here for More about Opalesque Tracking
    - A new, unique Premium Service -
    1. Hedge Funds
    2. CFM
    3. TOMS
    4. Hedge Funds Returns
    5. coatue
    1. mortgage fund
    2. fund manager
    3. nestle
    4. turkey
    5. ospraie