Three Arrows Capital Under Investigation by SEC and CFTC After Bankruptcy
Source: AdobeStock / magann American regulators have launched investigations into the activities of bankrupt Singaporean hedge fund Three Arrows Capital (3AC), with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), seeking to identify the reasons and responsible persons behind the crypto-focused firm’s collapse. As part of their activities, the two U.S. agencies are now working to determine whether Three Arrows Capital violated rules by misleading its investors about the contents of its balance sheet and not registering with the regulators, two persons familiar with the matter told Bloomberg. The two agencies are yet to release official confirmations of their respective investigations into the hedge fund and its financial woes. As part of the company's bankruptcy proceedings, earlier this month, a number of non-fungible tokens (NFTs) collected by Starry Night Capital, an NFT fund...