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BlueCrest & SEC Resolve Charges of Investor Harm

December 15, 2020 by Eugene Grygo

BlueCrest & SEC Resolve Charges of Investor Harm

BlueCrest Capital Management has settled charges via the SEC that it failed its investors by assigning its best human traders to a proprietary hedge fund while its external investors were serviced by an allegedly mediocre algorithm. The U.S. regulator reports that the hedge fund “has agreed to pay $170 million to settle charges arising from… Read More >>

Filed Under: Securities Operations, Buy-Side, Data Management, Industry News, Middle-Office, Operational Risk, Governance, Standards, Performance Measurement, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting Tagged With: BlueCrest, compliance, disgorgement, Dodd-Frank, fines, investor due diligence, investors, performance measurement, regulation, regulatory penalty, regulatory reporting, SEC, Securities Operations

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