Regulation
UK Hedge Fund Manager to Pay $170 Million to Settle SEC Charges
BlueCrest Capital Management allegedly misled investors about replacing traders with an underperforming algorithm.
BlueCrest Capital Management allegedly misled investors about replacing traders with an underperforming algorithm.
Trustees accused of acting like ‘drunken gamblers’ pay nearly $27 million, deny wrongdoing.
Payment includes $500 million civil penalty distributed to investors by SEC.
Workers end industrial action for what union calls ‘best possible deal available.’