Regulators have signaled they want heightened disclosure requirements for under-the-radar family offices.
The Securities and Exchange Commission is investigating Archegos Capital Management for market manipulation that may have occurred before the now-defunct family office defaulted on debt-laced investments this March, BloombergFriday, signaling regulators are doubling down on oversight of risky investments after a saga that roiled global markets and sparked $30 billion in sudden losses....
Archegos' founder, former hedge fund trader Bill Hwang, has not been accused of wrongdoing, according to the report, which noted the regulatory review is in preliminary stages and may not lead to an enforcement action.with the SEC in a 2012 insider trading and market manipulation case, and his former firm, Tiger Asia Management, pleaded guilty to the charges.
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