The U.S. Securities and Exchange Commission (SEC) has taken significant actions against multiple entities for deceptive practices in the financial markets. Rimar Capital USA, Inc., Rimar Capital, LLC, Itai Liptz, and Clifford Boro were charged with civil charges for making false and misleading statements about their purported use of artificial intelligence to perform automated trading for client accounts. The SEC settled charges with Rimar Capital, which allegedly tricked investors by using AI 'buzzwords'. Additionally, the SEC fined a California-based investment adviser nearly $4 million for raising funds through false promises, including deceptive statements about AI capabilities. In a related crackdown, the SEC charged market makers such as ZM Quant and Gotbit Hedge Fund for running fake volume plays like wash trading, manipulating the market, and misleading investors about real liquidity. Numerous token projects have since severed ties with Gotbit following the market manipulation charges.