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Violation Tracker Individual Record

Company: BlueCrest Capital Management Limited
Penalty: $170,000,000
Year: 2020
Date: December 8, 2020
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: UK-based investment adviser BlueCrest Capital Management Limited 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, to a proprietary fund, BSMA Limited, and replacement of those traders with an underperforming algorithm.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.