SEC v. Bluesky Eagle Capital Management Ltd.

Bluesky Eagle Capital Management Ltd. allegedly made material misrepresentations and unsubstantiated statements in a form filed with the SEC. According to the SEC, Bluesky Eagle represented in its December 2023 Form ADV that it is a public company operating from office space in New York City, manages $10 million in assets in the United States, advises a private fund, and that a separate registered investment adviser reports information about the private fund on its own Form ADV. The SEC's complaint alleged that the real estate manager of the New York office space had no knowledge of Bluesky Eagle or its purported executives, and the separate RIA had not reported information about the purported private fund. The SEC also alleged that Bluesky Eagle failed to respond to a request by Commission attorneys to provide records to substantiate the information on its Form ADV.

Summary generated from official Securities and Exchange Commission press release