SEC to Examine Fund Disclosure Rules After Archegos Blowup
- Implosion prompts look at how firms reveal derivative holdings
- Agency also reviewing short bets following GameStop rally
This article is for subscribers only.
U.S. regulators are considering tougher disclosure requirements for investment firms in response to this year’s implosion of Archegos Capital Management and trading gyrations in GameStop Corp.
Securities and Exchange Commission officials are exploring how to increase transparency for the types of derivative bets that sank Archegos, the family office of billionaire trader Bill Hwang, according to people familiar with the matter. The regulator also faces pressure from Capitol Hill to shed more light on who’s shorting public companies after the GameStop frenzy.