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FTX Executives Reach SEC Settlement, Banned from Leadership Roles for 8-10 Years

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The U.S. Securities and Exchange Commission (SEC) announced that three former FTX executives have accepted penalties and signed a settlement agreement. Caroline Ellison, former CEO of Alameda Research, and Zixiao Wang and Nishad Singh will be banned from leadership roles for 10 and 8 years, respectively. The SEC also imposed a five-year conduct ban. The case highlights regulatory scrutiny in liquidity and crypto markets. The settlement aligns with global efforts in Countering the Financing of Terrorism.
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