Archegos meltdown, GameStop drama underscore need for more hedge-fund disclosure, reformers say

Volatility continued to work its way through financial markets Tuesday as investors surveyed the damage wrought by the failure of hedge fund Archegos Capital Management, an event that, along with the drama surrounding a recent short squeeze in shares of GameStop Inc. , underscores the continued lack of transparency in financial markets with respect to derivatives and short selling, financial reform advocates told MarketWatch.