Titan Reaches Agreement with the SEC to Resolve Legacy Disclosure and Marketing Issues

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.

Titan Global Capital Management USA LLC ("Titan") is an investment adviser registered with the Securities and Exchange Commission.