US SEC says it's been monitoring Archegos fallout since last week

The US Securities and Exchange Commission has been monitoring the forced liquidation of more than $20 billion in holdings linked to Bill Hwang’s investment firm that has roiled stocks from Baidu Inc to ViacomCBS Inc.

“We have been monitoring the situation and communicating with market participants since last week,” an SEC spokesperson said in emailed statement.

Hwang’s New York-based Archegos Capital Management is at the center of a margin call that led to the forced liquidation on Friday, according to people familiar with the transactions. Among the