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What accusation was Archegos Capital Management facing that led to Brown's committee inquiry?

  • Tax evasion

  • Fraud

  • Embezzlement

  • Insider trading

Answer

Archegos Capital Management, an investment firm, faced accusations of fraud, prompting an investigation led by Senator Elizabeth Warren's committee. This probe aimed to uncover potential illegal activities and ensure accountability within the financial industry. The committee's inquiry delved into the firm's operations and transactions to determine the validity of the allegations and evaluate the need for regulatory reforms.
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