Business
Archegos losses tallied up, industry regulatory scrutiny grows – The Australian Financial Review
Wall Street was counting the cost of the Archegos meltdown, with pressure piling up on Credit Suisse.
The US Securities and Exchange Commission (SEC), which on Monday said it was monitoring the situation, on Tuesday asked Archegos brokers for information on a meeting they held last week about the funds exposure, the Financial Times reported.
The SEC declined to comment on Tuesday.
The fallout from Archegos Capital margin call appears to be contained but the regulatory scrutiny will not go away anytime soon, wrote Edward Moya, senior market analyst, New York, Oanda. Every prime brokerage is looking…
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