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Stock impact report

Bill Hwang Sentenced to 18 Years in Prison in Archegos Case [Yahoo! Finance]

Nomura Holdings Inc ADR American Depositary Shares (NMR) 
US:NYSE Investor Relations: nomuraholdings.com/investor
Company Research Source: Yahoo! Finance
stunning 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 Trump Promises Could Have Seismic Impact on Washington Economy New York's Transit Agency Approves $9 Congestion Toll Tokyo's Scorching Summers Focus Public Anger Against Tree Cutting NYC Mayor Adams Names Jessica Tisch to Lead Police Head Amid Probes Hwang, 60, was sentenced Wednesday by US District Judge Alvin Hellerstein in New York. The prison term was slightly lower than the 21 years prosecutors had sought. Hwang's lawyers had initially asked that he be given no prison time at all. “The amount of losses that were caused by your conduct are larger than any amount of losses I've deal with as a judge,” Hellerstein said. Hwang had no visible reaction to the sentence, though he soon after briefly turned and smiled at his wife, Becky, who was sitting in the courtroom gallery. Hwang was found guilty in July Show less Read more
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