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The SEC is reportedly investigating Archie Capital. - OlxPraca.com - Job Offer Ads
October 22, 2021

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The SEC is reportedly investigating Archie Capital.

The Securities and Exchange Commission is investigating Archie Capital Management, a family office run by Bill Huang. Default on margin calls. Earlier this year, Bloomberg News reported on Friday, citing people familiar with the matter.

According to the report, the securities regulator is investigating the firm’s commercial activities, including hiding the size of its terms on state-owned companies.

Officials. Also checking The report further asked whether Archiegus had bought more than one share in the same companies in several banks so as not to trigger public disclosure laws.

Archigus could not immediately be reached for comment. An SEC spokesman declined to comment.

Investment firm closed in March. Dynamic losses Credit Suisse, Nomura Holdings and Morgan Stanley were the hardest hit, with more than $ 10 billion among some global banks.

Check out Morgan Stanley Headquarters, which has a neon financial tucker on the outside.
Morgan Stanley was among the world banks who lost billions with the collapse of Archie Capital.
Getty Images

The melting of the Archipelago has led to calls for more stringent regulation of family offices, which are investment funds set up by wealthy families. In May, SEC Chair Gary Jensler told Congress that the Commission was considering new trade rules to address significant issues through the Archigus blow-up.

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