Archegos Case Cooperator Scott Becker Settles Claims by SEC (1)

Archegos Capital Management’s former head risk manager reached a partial settlement of SEC claims he aided a massive fraud at the firm, a family office that invested the holdings of Bill Hwang.

Scott Becker, who is cooperating with prosecutors in a parallel, criminal case, agreed on Tuesday to an order barring him from violating securities laws and deferring questions of civil penalties, disgorgement of illegal gains and a possible bar on acting as an officer or director of a public company, which will be decided by a judge.

Hwang and Archegos’s former chief financial officer, Patrick Halligan, ...