The Traderszone Network

Published in TZ Latest News 24 June, 2021 by The TZ Newswire Staff

Prime Brokers Face DOJ Collusion Probe Into Archegos Collapse

Prime Brokers Face DOJ Collusion Probe Into Archegos Collapse

More details about the DoJ investigation into the collapse of Archegos are starting to emerge. Instead of going after Archegos and its founder, ex-billionaire “Tiger cub” Bill Hwang, it looks like the investigation is focusing on the prime brokers that extended his fund the margin it used to magnify the size of his bets on a handful of media and tech stocks, including ViacomCBS.

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