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Stock impact report

Bill Hwang Judge Considers Reducing 18-Year Prison Sentence [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Trump Promises Could Have Seismic Impact on Washington Economy Paris to Replace Parking Spaces With Trees Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes New York's Transit Agency Approves $9 Congestion Toll Hwang's lawyer urged the judge to let his client serve 6.5 years in home confinement, in addition to the lighter prison term, at a hearing Thursday in Manhattan. US District Judge Alvin Hellerstein, who on Wednesday gave Hwang 18 years behind bars, said he would consider the request. Hellerstein ordered both sides to submit arguments and asked Hwang's team to submit information on his health status to the judge privately. Hwang was found guilty in July of orchestrating a scheme to mislead his bank counterparties into providing Archegos with billions of dollars in trading capacity that inflated the value of his portfolio until the bubble burst in March 202 Show less Read more
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