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The risks posed by large family offices came under the spotlight after the multibillion-dollar Archegos Capital Management was last week forced to unwind more than $20 billion in trades. The move led to a severe sell-off in certain stocks including U.S. media giants ViacomCBS and Discovery, rattling the broader market. Shares of several big banks said to be involved in the trades also saw their own stocks tank. This could . spread out into a much bigger problem because these family offices I think have really taken off, and they can pretty much do anything they want because there s just not a lot of oversight, Thomas Gorman, the former SEC counsel, told CNBC s Squawk Box Asia on Thursday.

Thomas gormanAmy lynchExchanges commissionDorsey whitneyArchegos capital managementUs economyUs marketsதாமஸ் கோர்மந்ஆமி லிஞ்ச்பரிமாற்றங்கள் தரகுடோர்ஸி விட்னிஎங்களுக்கு பொருளாதாரம்எங்களுக்கு சந்தைகள்