U.K. firm BlueCrest fined $170M for violating U.S. securities laws
By 
Aaron Nicodemus2020-12-08T17:25:00
U.K.-based investment fund BlueCrest Capital Management has agreed to pay $170 million as part of a settlement with the SEC for allegedly violating anti-fraud provisions of U.S. securities laws.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
ArticleBlueCrest facing $55.5M fine for failing to manage fairly a conflict of interest
The U.K. Financial Conduct Authority announced its intention to fine hedge fund BlueCrest Capital Management £40,806,700 (U.S. $55.5 million) for failing to manage fairly a conflict of interest. BlueCrest has challenged the decision.
-
ArticlePrada cleans up supply chain with zero tolerance for compliance failings
Luxury fashion brand Prada has terminated contracts with over 200 suppliers in the past five years after a focused “zero tolerance” supply chain audit aimed at identifying compliance failings.
-
Article‘Significant’ rule changes for EU alternative investment funds set for April 16
Significant changes to rules for EU alternative investment fund managers come into force on April 16, but most still have work to do to be compliant, experts warn.
More from Regulatory Enforcement
-
ArticleFTC warns brokers to stop selling U.S. military member data to foreign adversaries
Thirteen data brokers have been warned by the Federal Trade Commission to come into compliance with a 2024 law prohibiting the selling of the personal data of U.S. residents to foreign adversaries.
-
ArticleFrench investigators target anticompetitive practices in largest accounting firms
Major accountancy firms in France are under investigation for anti-competitive practices. The French competition watchdog embarked on a series of “unannounced inspections” and removed documents relating to audit and reporting on Jan. 13.
-
ArticleEU investigation into Grok may expose problems with DSA rather than compliance failings
The European Commission has launched a formal investigation against Elon Musk’s X under the Digital Services Act over fears that its AI tool Grok may be producing and disseminating illegal material.