The SEC said New York-based fintech investment adviser Titan Global Capital Management has been charged for using misleading hypothetical performance metrics in advertisements between 2021 and 2022.
- Also charged with multiple compliance failures that led to misleading disclosures about custody of clients’ crypto assets, the use of improper “hedge clauses” in client agreements, the unauthorized use of client signatures and the failure to adopt policies concerning crypto asset trading by employees
- Without admitting or denying findings, Titan agreed to a cease-and-desist order, a censure, and to pay $192,454 in disgorgement, prejudgment interest and an $850,000 civil penalty to be distributed ...