SEC Says Adviser Touted AI Project, Phony IPO To Fleece $6M <https://www.law360.com/fintech/articles/1873676?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-08-28&read_main=1&nlsidx=0&nlaidx=4> By Jessica Corso The U.S. Securities and Exchange is accusing a China-based asset management firm of absconding with $6 million in client funds after making a rash of false claims about investing the money with the aid of artificial intelligence and after attempting to drum up interest in an initial public offering that never materialized. Complaint attached | Read full article » <https://www.law360.com/fintech/articles/1873676?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-08-28&read_more=1&nlsidx=0&nlaidx=4> | Save to favorites » <https://www.law360.com/fintech/articles/1873676?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-08-28&read_later=1&nlsidx=0&nlaidx=4>