Archegos Founder, CFO Charged With Securities Fraud

P.M. Edition for April 27. Bill Hwang, the founder of family investment firm Archegos, and its chief financial officer, Patrick Halligan, have been charged with securities fraud, wire fraud and racketeering . The aftershocks of the hedge fund’s demise about a year ago spread broadly through markets, and led to major financial hits for several big banks, including Credit Suisse. WSJ hedge fund reporter Juliet Chung joins host Annmarie Fertoli to discuss the charges and the broader market implications. Learn more about your ad choices. Visit megaphone.fm/adchoices