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SEC Fines Private Fund Adviser for Hiding Truth About Trading Resources and SEC Settles with Large Pricing Vendor for Inadequate Valuation Policies and Procedures: Lessons Learned and Worth Reading, Watching & Hearing for January 2021 | Hardin Compliance Consulting LLC


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SEC Fines Investment Adviser $170 Million for Multiple Disclosure Failures. UK-based investment adviser BlueCrest Capital Management Limited (BlueCrest) recently agreed to return $170 million to former investors to settle charges levied by the SEC involving disclosure failures, material misstatements, and misleading omissions. The SEC found that BlueCrest quietly transferred its top traders from its flagship client fund, BlueCrest Capital International (BCI), to an internal fund and left trading for the client fund in the hands of a trading algorithm that was set up to replicate some of the trading activity of BlueCrest’s live traders. Unfortunately for BCI investors, the algorithm, by and large, underperformed and resulted in inferior returns. ....

Jaquelinem Hummel , Jenniferl Cagadas , Bluecrest Capital International , Data Pricing Reference , Bluecrest Capital Management Limited , Investment Adviser , Multiple Disclosure , United Kingdom Based , Securities Act , Advisers Act , Vendor Nailed , Complex Financial Instruments Unit , Preference Data , ப்ளூகிரெஸ்ட் மூலதனம் சர்வதேச , தகவல்கள் ப்ரைஸிஂக் குறிப்பு , ப்ளூகிரெஸ்ட் மூலதனம் மேலாண்மை வரையறுக்கப்பட்டவை , பல வெளிப்படுத்தல் , ஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது , பத்திரங்கள் நாடகம் , விற்பனையாளர் அறைந்தார்கள் , சிக்கலான நிதி கருவிகள் அலகு , குறிப்பு தகவல்கள் ,

This Week In Securities Litigation (Week of December 14, 2020)


This Week In Securities Litigation (Week of December 14, 2020)
The exit continues at the Commission. This week Director of Enforcement Stephanie Avakian announced her departure from the agency at the end of the year. She has been preceded by the Director of Corporation Finance and the General Counsel. The Chairman previously announced his departure at year end.
Last week Enforcement filed a series of cases. Two were based on false statements tied to financial issues, one against GE and another involving CheeseCake Factory. The agency also brought two offering fraud actions, a case involving digital assets and another tied to share class selection conflicts. ....

United States , Hong Kong , Stephanie Avakian , Bruno Block , J Jeremy Barbera , Amir Bruno Elmaani , Biosciences Corp , Exchange Act Section , Matter Of Bancwest Investment Services Inc , Cheesecake Factory , Bluecrest Capital International , Cheesecake Factory Incorporated , Futures Commission , Matter Of Bluecrest Capital Management Ltd , Fairmount Santrol Holdings Inc , Nanobeak Biotech Inc , Bison Merger Sub , Ge Capital , Matter Of Ice Data Pricing Reference , Division Of Investment Management , Exchange Act Sections , Matter Of Covia Holdings Corp , Oyster Protocol Inc , Enforcement Stephanie Avakian , Corporation Finance , Investment Management ,