December 8, 2020/US SEC The Securities and Exchange Commission today announced that UK-based investment adviser BlueCrest Capital Management Limited has 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 […]
Frauds & Scandals
SEC Issues Multiple Whistleblower Awards Totaling Nearly $3 Million
December 7, 2020/US SEC The Securities and Exchange Commission today announced whistleblower awards to five individuals for information provided in three different enforcement actions for combined payments of nearly $3 million. In the first order, the SEC awarded the whistleblower nearly $1.8 million. The whistleblower, a company insider, provided information that would […]
SEC Obtains Final Judgment Against Company for Misleading Covid-19-Related Claims
December 7, 2020/US SEC On December 4, 2020, the U. S. District Court for the Southern District of New York entered a final judgment against Applied BioSciences Corp. in connection with the company’s fraudulent claims in a press release that it was offering and shipping products to combat the COVID-19 […]
