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Stock impact report

Archegos' Hwang Faces Sentence for Crimes That Shook Wall Street [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
2021 collapse of his $36 billion family office, capping a case that riveted Wall Street. Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll Trump Promises Could Have Seismic Impact on Washington Economy Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NY Congestion Pricing Survived a Pause. Here's What Could Kill It Prosecutors have recommended that Hwang, 60, spend more than two decades behind bars, while his lawyers have asked that he be given no prison time at all. The government also wants Hwang to pay $10 billion in restitution, though his lawyers said Monday that he is now worth only around $55 million. US District Judge Alvin Hellerstein will hand down the sentence after a hearing at which both sides, and possibly Hwang himself, will speak. The case pushed into the spotlight a relatively unknown trader who seemingly built a wildly successful firm, only to see it crash in sp Show less Read more
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