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A trading firm has settled charges with the United States Securities and Exchange Commission, which the agency accused of faking its artificial intelligence capabilities and misleading its investors to raise nearly $4 million. Rimar Capital LLC, Rimar Capital USA, their CEO Itai Liptz and Rimar USA board member Clifford Boro together paid a $310,000 civil penalty to settle fraud-related charges — which they didn’t admit or deny — the SEC said in an Oct. 10 statement. The co-chief of the SEC’s Asset Management Unit, Andrew Dean, claimed Liptz and Boro raised $3.73 million using AI “buzzwords” t…

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