The CFTC has issued new sanctions against Caroline Ellison and Gary Wang in the FTX case. Both former executives are banned from trading for five years, retroactive to December 23, 2022, the date of the initial consent order. Caroline Ellison additionally receives a ten-year registration ban, while Gary Wang receives an eight-year one. These penalties stem from their role in diverting FTX client funds to finance investments by Alameda Research under Sam Bankman-Fried’s direction.
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