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US SEC Proposes 8-10 Year Ban for FTX Former Executives from Serving as Directors or Officers

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The U.S. SEC has proposed an 8-10 year ban for FTX former executives from serving as directors or officers. The case involves Countering the Financing of Terrorism and a broader crypto ban effort. Caroline Ellison, ex-CEO of Alameda Research, faces a 10-year restriction, while Gary Wang and Nishad Singh will be banned for 8 years. The SEC’s allegations relate to securities fraud tied to FTX’s 2022 collapse. All three did not deny the charges.
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