Ellison, Wang and Singh Accept SEC Penalties With 8–10 Year Officer Bans

Three former FTX executives—Caroline Ellison, Zixiao Wang and Nishad Singh—accepted final SEC penalties and agreed to settlements subject to court approval, CoinDesk reports. The settlements bar them from serving as officers or directors at other companies for 8–10 years (10 years for Ellison, 8 years for Wang and Singh) and impose a five-year conduct injunction. The SEC disclosed the agreements in a litigation notice on December 20.