Titan Global Capital Management to pay $1m to those it advised without admitting fault
A New York fintech biz is set to pay $1 million in fines under a US Securities and Exchange Commission order that claims it advertised"annualized" returns on Titan Crypto of up to 2,700 percent, a number based on a"purely hypothetical account."
According to the Wall St watchdog, Titan neglected to tell its retail investors that the"2,700 percent" returns were extrapolated from a hypothetical period of just three weeks during which no actual trading occurred.
A hedge clause is a liability disclaimer, and this particular one included the wording:"[Client] will defend, indemnify and hold [Titan] harmless from any and all Losses sustained by [Titan] arising out of or in connection with any breach of this agreement by Client... Titan and its Indemnified Persons will not be liable for any indirect, special, incidental, non-compensatory, punitive or consequential damages or other losses .
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Rapist Met police officer jailed for multiple sex attacks on 16-year-old and female colleagueAdam Provan had the contact details for over 700 women on his phone
Consulte Mais informação »
Private fund industry prepares for battle over sweeping US rulesPrivate equity, real estate and hedge funds targeted by SEC proposal up for vote this week
Consulte Mais informação »
Halo: The Master Chief Collection (Halo MCC) AchievementsHere is the full list of all 700 Halo: The Master Chief Collection achievements worth 7,000 gamerscore.
Consulte Mais informação »
Global aid chief appeals for funds to help Sudanese trapped by warJagan Chapagain said his organisations have received only 7% of the 45 million dollars they had appealed for.
Consulte Mais informação »
Global aid chief appeals for funds to help Sudanese trapped by warJagan Chapagain said his organisations have received only 7 of the 45 million dollars they had appealed for.
Consulte Mais informação »
Global aid chief appeals for funds to help Sudanese trapped by warJagan Chapagain said his organisations have received only 7 of the 45 million dollars they had appealed for.
Consulte Mais informação »