Morgan Stanley and Goldman Sachs, two of the firms at the center of the Archegos Capital Management unwinding, played a variety of roles before, during and after the margin call.That is raising questions about whether the firms should have had a compliance function to intervene in their potentially conflicting roles in the same stock.One of the key triggers that led to the unwinding of Archegos was a tepid market response for a multibillion-dollar ViacomCBS secondary offering last Wednesday.While certain bankers at Morgan Stanley and Goldman Sachs were pitching that deal to investors, some of their peers in …
