SEC Charges Titan Crypto Investment Firm for Misleading 2,700% Annualized Returns
- bhoomisinghal0
- Aug 22, 2023
- 1 min read
The Securities and Exchange Commission (SEC) has charged Titan Global Capital Management, a fintech investment manager, in a series of allegations relating to advertising and compliance violations. The SEC said that the New York-based company's website contained false statements about "hypothetical performance," in violation of the SEC's revised marketing rule, which took effect from December 2020. Based on three weeks of data since its August 2021 launch, Titan had claimed that its Titan Crypto product would return up to 2,700% annualized. The SEC discovered that the company failed to establish suitable employee trading practices.
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