Reported 4 months ago
Bill Hwang aims to use the investigation of Morgan Stanley block-trading leaks to support his defense in court. His lawyers have requested to question an SEC official regarding the probe into information leaks related to the firm’s block-trading practices during their association with Archegos. Prosecutors allege market manipulation by Hwang, while he argues that secrecy was maintained to protect his positions. The case also involves implications of deliberate cornering of positions and market manipulation through swaps.
Source: YAHOO