The U.S. Securities and Exchange Commission (SEC) has filed charges against a financial technology (FinTech) company called Titan. The company is being accused of saying that their investments performed better than they actually did. This is considered a misrepresentation.
The SEC found that Titan had been telling people about how well their investments would do if they had been real, but these claims were not true. They also found other things that Titan did wrong.
The SEC is responsible for making sure that companies follow the rules when it comes to investing money. They want to make sure that people are given correct and honest information about their investments. When companies like Titan don’t do this, the SEC can take legal action against them.