The post Titan Settles with SEC for $1m Over Misleading Crypto Disclosures! appeared first on Coinpedia Fintech News
Titan Global Capital Management has settled with the US Securities and Exchange Commission (SEC) for more than $1m over allegations of misleading disclosures about client crypto assets. The SEC claimed that Titan used misleading ads with fake returns and other rule breaks, with Titan allegedly falsely claiming up to 2,700% yearly gains for its Titan Crypto approach. Titan will halt certain activities, pay an $850,000 civil fine, and remit an additional $190,000 in prejudgment interest. The agreement comes as the SEC is reportedly delaying approval of spot Bitcoin exchange-traded fund (ETF) applications.
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