August 21, 2023
Here's what you need to know.
Today, Titan announced a settlement with the U.S. Securities and Exchange Commission (“SEC”) that primarily covers certain legacy marketing and disclosure issues involving Titan’s cryptocurrency strategy between August 2021 and October 2022. The SEC order states that Titan did not implement policies and procedures that were reasonably designed to comply with marketing regulations and made certain misleading representations.
Although Titan reached a settlement with the SEC, Titan neither admits nor denies any wrongdoing. We fully cooperated with the SEC’s inquiry and are pleased to have reached a resolution of these issues. The SEC Order acknowledges Titan’s cooperation and remedial efforts since July 2022, including hiring a new Chief Legal and Chief Compliance Officer and additional legal and compliance staff. Titan continues to make significant investments to build and enhance its compliance program.
The settlement also covers policy and procedure issues, and a customer agreement issue. Titan will be paying $1,051,052 to resolve the matter, which will be deposited into a “Fair Fund” that will compensate impacted customers. Impacted customers will be notified of their compensation later this year, once the SEC approves a distribution plan.
About Titan. Titan aims to offer a modernized, convenient investing experience for its clients with access to a comprehensive array of managed strategies. This includes private investment opportunities traditionally only available to the very wealthy, actively managed equities handled by our in-house team of analysts, automated investing in stocks and bonds, automated cash management, and more. All of this is provided through an easy-to-use mobile app and web interface.
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Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission.
© Copyright 2024 Titan Global Capital Management USA LLC. All Rights Reserved.
Please refer to Titan's Program Brochure for important additional information. Certain investments are not suitable for all investors. Before investing, you should consider your investment objectives and any fees charged by Titan. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested, including principal. Brokerage services are provided to Titan Clients by Titan Global Technologies LLC and Apex Clearing Corporation, both registered broker-dealers and members of FINRA/SIPC. For more information, visit our disclosures page. You may check the background of these firms by visiting FINRA's BrokerCheck.
Various Registered Investment Company products (“Third Party Funds”) offered by third party fund families and investment companies are made available on the platform. Some of these Third Party Funds are offered through Titan Global Technologies LLC. Other Third Party Funds are offered to advisory clients by Titan. Before investing in such Third Party Funds you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information. Certain Third Party Funds that are available on Titan’s platform are interval funds. Investments in interval funds are highly speculative and subject to a lack of liquidity that is generally available in other types of investments. Actual investment return and principal value is likely to fluctuate and may depreciate in value when redeemed. Liquidity and distributions are not guaranteed, and are subject to availability at the discretion of the Third Party Fund.
The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.
Cryptocurrency advisory services are provided by Titan.
Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.
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