The U.S. SEC is seeking to ban former core executives of FTX from serving as directors or executives of publicly traded companies for 8-10 years.
TL;DR
The U.S. SEC seeks to ban former FTX executives from public company roles for 8-10 years, settling fraud allegations without denial.
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According to Odaily Odaily, the U.S. Securities and Exchange Commission (SEC) today filed a motion for a "final consent judgment" in the Southern District of New York against Caroline Ellison, former CEO of FTX-affiliated Alameda Research, Gary Wang, former CTO of FTX, and Nishad Singh, former chief engineer.
Under the settlement agreement, Ellison agreed to a 10-year ban on serving as an executive or director, while Wang and Singh agreed to an 8-year ban. None of the three denied the SEC's allegations of violating securities laws' anti-fraud provisions. The case stemmed from investor fraud uncovered after FTX's bankruptcy in November 2022.