1. The U.S. Securities and Exchange Commission (SEC) is intensifying scrutiny of crypto funds.
2. New York-based #FinTech Investment Adviser, Titan, faces SEC penalties and settlement.
3. #Titan is charged with violating advertising and compliance rules, per the SEC.
4. The #firm allegedly promoted false claims about "hypothetical performance" on its website.
5. Such claims conflicted with SEC's #marketing regulations introduced in December 2022.
6. Titan reportedly failed to #follow suitable employee practices, including client signatures and custody information.
7. Employees used liability disclaimers to misrepresent clients' legal rights against the company.
8. Inadequate policies related to employees' personal crypto asset trading were also highlighted.
9. Titan will pay an $850,000 civil penalty, cooperate with SEC's investigation, and reimburse affected customers.
10. The company received a cease-and-desist order, censure, and $192,454 disgorgement as part of the settlement.
