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SEC Charges Titan Global Capital Management for Misrepresenting Performance Metrics and Compliance Failures

SEC has charged Titan Global Capital Management USA LLC (Titan), a FinTech investment adviser based in New York, for multiple compliance failures and misrepresenting hypothetical performance metrics in its advertising. Titan used misleading information in its ads between August 2021 and October 2022, promoting hypothetical "annualized" performance results as high as 2,700% for its Titan Crypto strategy. The SEC found that Titan's advertisements left out crucial information and violated the SEC's amended marketing rule. Titan cooperated with the SEC's investigation and agreed to pay $192,454 in disgorgement, prejudgment interest, and an $850,000 civil penalty.

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