SEC - Securities and Exchange Commission

The Securities and Exchange Commission announced that UK-based investment adviser BlueCrest Capital Management Limited has agreed to pay $170 million to settle charges arising from inadequate disclosures, material misstatements, and misleading omissions concerning its transfer of top traders from its flagship client fund, BlueCrest Capital International (BCI), to a proprietary fund, BSMA Limited, and replacement of those traders with an underperforming algorithm.


Published on Dec. 8th, 2020 Published on Dec. 8th, 2020
Scenario: Conduct / Fund Improper Disclosure

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