NEW YORK : Fintech investment adviser Titan Global Capital Management USA LLC agreed to pay over $1 million to settle charges from the U.S. Securities and Exchange Commission that it misled investors about performance metrics and custody of clients' crypto assets. Titan, a New York-based registered invest
NEW YORK : Fintech investment adviser Titan Global Capital Management USA LLC agreed to pay over $1 million to settle charges from the U.S. Securities and Exchange Commission that it misled investors about performance metrics and custody of clients' crypto assets.
That included touting annualized crypto performance results as high 2,700 per cent without telling investors they were extrapolated from a"purely" hypothetical three-week period during which no trading occurred, the SEC said in a charging document. Regulators also found Titan made conflicting statements to clients about how it handled custody for crypto assets and failed to adopt policies for employees' personal trading in crypto assets, among other violations, the agency said.
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