Titan
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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.
$BTC
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.
$BTC
Titan Global Faces SEC Action Over Misleading Marketing and Compliance 📜
Fintech adviser #Titan Global faces #SEC penalties for violating marketing rules. It made false claims about its crypto product's performance, breaching the SEC's 2020 marketing rule.
The firm also failed to clarify crypto asset custody policies and lacked proper employee trading guidelines.
The SEC's tightened enforcement on crypto investment advisers aims to ensure #compliance . Titan cooperated with the investigation, agreeing to penalties including disgorgement of gains and a fine.
The case underscores the SEC's focus on maintaining transparency and accuracy in the fintech space.
#Binance
#crypto2023
Fintech adviser #Titan Global faces #SEC penalties for violating marketing rules. It made false claims about its crypto product's performance, breaching the SEC's 2020 marketing rule.
The firm also failed to clarify crypto asset custody policies and lacked proper employee trading guidelines.
The SEC's tightened enforcement on crypto investment advisers aims to ensure #compliance . Titan cooperated with the investigation, agreeing to penalties including disgorgement of gains and a fine.
The case underscores the SEC's focus on maintaining transparency and accuracy in the fintech space.
#Binance
#crypto2023
