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TCBI.US

Texas Capital Bancshares (TCBI) Securities Fraud Case Investigation

On November 16, 2021, Bloomberg published an article detailing how Archegos built up a previously undisclosed position equal to 20% of Texas Capital prior to the margin calls that forced Archegos' liquidation. According to the article, Texas Capital was aware of the large position held by Archegos while it raised additional capital from investors in February 2021.

Earlier, on March 29, 2021, shares of $TCBI dropped 13% as prime brokers associated with the now-defunct family office, Archegos Capital Management, unwound large U.S. stock positions linked to the fund.

Taking all facts into account, Investors may have reasons to suspect that their rights could be grossly violated.
Alleged Offence
Misleading Statements
Fraud
Failure to Disclose
Negligence
Omissions
Suspected Party
Directors
Management
Shareholder
Service Provider
Hedge Fund
Security Type
Stocks
Trade Direction
Long
Shock Event Date
16 November 2021
Collecting participants…
Created by Stan Vick, Scout

Texas Capital Bancshares Inc

Texas Capital Bancshares, Inc. operates as the bank holding company for Texas Capital Bank, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs...

    Ticker
    TCBI.US
    ISIN
    US88224Q1076
    CIK
    1077428
    Sector
    Financial Services
    Industry
    Banks - Regional
    Country
    USA
    Address
    2000 McKinney Avenue, Dallas, TX, United States, 75201