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Oversold and Underdelivered: SEC Charges Former Startup CEO with “AI Washing” Securities Fraud

On June 11, 2024, the United States Securities and Exchange Commission (the “SEC”) charged Illit Raz, the former CEO and founder of the since-shut-down artificial intelligence recruiting startup Joonko Diversity Inc....more

Game Over: Robinhood Pays $7.5 Million to Resolve “Gamification” Securities Violations

After more than three years of regulatory investigation and litigation, Robinhood Financial LLC (“Robinhood”) recently agreed to overhaul its digital engagement practices and pay a $7.5 million fine to settle charges with the...more

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