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SEC Files Settlement Proposals for FTX Executives Caroline Ellison, Gary Wang, and Nishad Singh

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The U.S. Securities and Exchange Commission has filed proposed settlements with former FTX executives Caroline Ellison, Gary Wang, and Nishad Singh. The agreements restrict their future involvement in securities law violations and corporate leadership roles. Ellison, who recently served an 11-month prison term, faces a 10-year ban from leadership, while Wang and Singh will be restricted for eight years. All three have criminal records and aided in the prosecution of Sam Bankman-Fried, who received a 25-year sentence for misappropriating at least $8 billion in customer funds. The moves reflect ongoing regulatory scrutiny in risk-on assets and liquidity and crypto markets.
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