What the Board Wants to Know From Compliance

By Joe Mont2013-03-12T00:00:00

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SEC penalizes Rimar CEO, holding company board member $524K total for ‘AI washing’

2024-10-11T13:44:00Z By Jeff Dale

The Securities and Exchange Commission ordered the owner of Rimar Capital and a board member of its holding company to pay nearly $524,000 in penalties for defrauding investors with false and misleading statements about its use of artificial intelligence.