Archegos Exposes SEC Blind Spots, Dithering on Market Oversight
- Agency slow-walked rules for monitoring trades like Hwang’s
- Family offices have also exploded with little U.S. monitoring
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The U.S. Securities and Exchange Commission was supposed to be able to spot a whale like Bill Hwang by now. As the financial world knows, it didn’t. Will the agency be able to catch the next one?
The collapse of Hwang’s Archegos Capital Management represents one of the most spectacular failures of risk-management and oversight in recent memory. For the SEC, it caps a decade of foot-dragging on protections that were meant to avert, or at least minimize, just such a blowup.