SEC Bars Former FTX Executives Ellison, Wang, and Singh from Leadership Roles for 8-10 Years
The post SEC Bars Former FTX Executives Ellison, Wang, and Singh from Leadership Roles for 8-10 Years appeared on BitcoinEthereumNews.com.
The U.S. Securities and Exchange Commission has imposed a 10-year officer-and-director bar on former Alameda Research CEO Caroline Ellison, along with eight-year bars on FTX executives Gary Wang and Nishad Singh, for their roles in the misuse of customer funds at FTX from 2019 to 2022. This prevents them from holding leadership positions in companies during that period. SEC Judgment Details: Caroline Ellison faces a 10-year ban from officer and director roles, while Gary Wang and Nishad Singh each receive eight-year restrictions. Conduct-based injunctions lasting five years apply to all three executives to ensure compliance with securities laws. These measures stem from allegations of diverting FTX customer funds to Alameda Research, contributing to the exchange’s 2022 collapse, as detailed in SEC complaints. Discover how the SEC’s leadership bans on FTX’s Caroline Ellison, Gary Wang, and Nishad Singh impact crypto regulation. Stay informed on post-FTX accountability—read more for key insights and implications. What Are the Details of the SEC’s Officer-and-Director Bars on FTX Executives? FTX executives officer-and-director bars represent a significant regulatory action by the U.S. Securities and Exchange Commission against key figures in the collapsed cryptocurrency exchange. In a recent court judgment, Caroline Ellison, former CEO of Alameda Research, agreed to a 10-year prohibition from serving as an officer or director of any public company. Similarly, Gary Wang and Nishad Singh, both former FTX executives, consented to eight-year bars each. These restrictions, combined with five-year conduct-based injunctions, aim to prevent future involvement in securities violations. How Did the Misuse of FTX Customer Funds Lead to These Bans? The bans arise from the SEC’s allegations of systemic misuse of investor funds at FTX between 2019 and 2022. According to the SEC’s complaints, Sam Bankman-Fried, along with Wang and Singh, and with Ellison’s knowledge and consent, bypassed risk controls to provide Alameda…
Filed under: News - @ December 20, 2025 12:09 am