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 >>
Supreme Court Curtails SEC’s Disgorgement Power
The U.S. Supreme Court has unanimously ruled that the SEC must rein in its disgorgement policy and apply a new, five-year statute of limitations upon its efforts to retrieve restitution for alleged ill-gotten gains. The disgorgement process is the repayment of money allegedly obtained via illegal activity. In cases large and small, the SEC has… Read More >>
