Key Takeaways From Hwang Sentencing Over Archegos Collapse

Here are the key takeaways from Bill Hwang’s sentencing for fraud and market manipulation over the 2021 collapse of his $36 billion family office, Archegos Capital Management.

• Hwang, 60, was sentenced Wednesday by US District Judge Alvin Hellerstein in New York to 18 years in prison, which was less than the 21 years prosecutors had sought. Hwang’s lawyers had initially asked that he be given no prison time at all, a request the judge called “utterly ridiculous.”
• Hwang himself spoke briefly, saying he felt “deep pain” about what happened at Archegos, which led to losses for banks that ...