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SEC sounds alarm on Titan Capital Markets and Kalinga Ventures Investment schemes

The Securities and Exchange Commission (SEC) has issued warnings against Titan Capital Markets and Kalinga Ventures for their unauthorized investment solicitations to the public.

Titan Capital Markets, or Titan Capital Markets Pty, has been found by the SEC offering investments to the public for a minimum amount of $100 up to $3,000. Allegedly, investors would earn 21 percent monthly for 90 days or 24 percent monthly for 180 days, depending on their subscription plan.

Similarly, Kalinga Venture Group (Kalinga Ventures Capital/ Kalinga Venture International/ Kalinga Wealth & Business Development Services) has also been found enticing the public to invest their money with a promise of high monetary rewards or profits.

The entity offers various investment subscription plans that will earn 25 percent to 170 percent income in nine to 40 days.

According to the SEC, both entities are not registered with the commission and are not authorized to offer, solicit, sell, or distribute any securities to the public.

Such activities require a secondary license from the SEC, with the securities or investment product likewise needing to be registered with the agency.

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