SEC Crackdown: Former FTX Executives Face 5-Year Officer Ban in Landmark Enforcement
2025-12-20 04:05
BitcoinWorld SEC Crackdown: Former FTX Executives Face 5-Year Officer Ban in Landmark Enforcement In a decisive move that sends shockwaves through the cryptocurrency industry, the U.S. Securities and Exchange Commission (SEC) is taking formal action to prevent key former FTX and Alameda Research executives from holding corporate leadership positions. This enforcement action marks a pivotal moment in the regulatory scrutiny of crypto firms and their leadership. The move to bar these former FTX executives underscores the SEC’s commitment to holding individuals accountable for corporate misconduct. What Sanctions Is the SEC Seeking Against the Former FTX Executives? The SEC is pursuing significant sanctions against three central figures in the FTX collapse: former co-founder Gary Wang, former Director of Engineering Nishad Singh, and former Alameda Research CEO Caroline Ellison. According to reports from The Block, the regulator aims to prohibit them from serving as officers or directors of any public company. While...
