TechFlow news — The U.S. Securities and Exchange Commission (SEC) has charged investment advisory firm Titan Global Capital Management with making misleading statements in its marketing and disclosures.
The SEC alleges that from August 2021 to October 2022, Titan promoted complex investment strategies to investors through its mobile app while exaggerating performance assumptions on its website—such as claiming annualized returns of up to 2,700% for its crypto asset strategy.
The SEC stated these actions violated the 2020 amendments to the marketing rule by being misleading. Additionally, Titan had deficiencies in disclosures regarding crypto asset custody and employee trading activities.
Titan cooperated with the investigation and has agreed to a cease-and-desist order and censure from the SEC, along with paying over $1 million in penalties and disgorgement.
