Overview
- The SEC filed proposed final consent judgments on Dec. 19 in the Southern District of New York against Caroline Ellison, Gary Wang, and Nishad Singh.
- The agreements would impose permanent antifraud injunctions and five‑year conduct‑based restrictions on the three former executives.
- Ellison agreed to a 10‑year officer‑and‑director bar, while Wang and Singh each accepted eight‑year bans from such roles.
- The settlements are consented to without admitting or denying the SEC’s allegations and would resolve the agency’s civil cases tied to FTX’s collapse if approved.
- Regulators allege Alameda was exempted from risk controls, drew a virtually unlimited customer‑funded credit line using FTX code, and that FTX raised more than $1.8 billion on false assurances about risk management, while related criminal cases yielded early release to community confinement for Ellison and time served with supervised release for Wang and Singh.