BlueCrest Capital Management controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile1 entries
2020
BlueCrest agrees to $170 million SEC settlement
Settlement
BlueCrest Capital Management agreed to pay $170 million as part of a settlement with the SEC over alleged violations of U.S. securities-law anti-fraud provisions. The SEC alleged that BlueCrest failed to disclose an executives-owned hedge fund and related conflicts of interest that harmed investors.
Source excerpt
According to the SEC, BlueCrest Capital Management, based on the isle of Jersey, failed to disclose to investors the existence of a $1.5 billion hedge fund owned by executives, called BSMA Limited.
A U.K.-based investment fund has agreed to pay $170 million as part of a settlement with the Securities and Exchange Commission (SEC) for allegedly violating anti-fraud provisions of U.S. securities laws.