<p><span>The Commodity Futures Trading Commission today announced it has filed a complaint in the U.S. District Court for the Southern District of New York against </span><span>Archegos Capital Management, LP</span><span> (Archegos) and its Chief Financial Officer, </span><span>Patrick Halligan, </span><span>of Syosset, New York, charging them with fraud.</span></p>
The recent news of Hedge Fund and other institutional crisis events has opened many eyes as investors and traders realize the post-2008-09 global market credit bubble has extended well beyond what many people may realize. Recent news that China offered a “deferment” for Chinese corporations and state-run enterprises content with shadow banking credit/debt issues at a time when China is tightening monetary policy shows that a process, like the 2008 Lehman incident, may be setting up where institutional level credit/debt liabilities ripple through the global markets as global central banks attempt to reign in monetary policies.
This process is not likely to happen suddenly though. If this type of contraction in global monetary policy takes place, resulting in increased pressures to contain excessive credit/debt functions in the markets, then we believe the process may result in an extended 9 to 16+ months of “hit-and-miss” events leading up to a p
Ship stuck in Suez Canal is partially refloated, but traffic jam grows fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.