Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Criminal conviction of Bill Hwang
A federal jury convicted Hwang on multiple securities-related counts after a trial concerning Archegos's trading, communications and relationships with its lenders and counterparties.
2022
Market-manipulation and fraud prosecution
U.S. prosecutors alleged that Hwang and former executives manipulated securities prices and misled banks and counterparties in order to expand Archegos's borrowing and trading capacity.
2021
Archegos collapse and forced liquidation
The firm's concentrated, leveraged equity exposures fell sharply, leading to unmet margin calls, rapid liquidation and billions of dollars in losses for prime brokers. The event raised concerns about leverage, derivatives transparency and counterparty-risk controls.