SEC seeks to bar former FTX, Alameda execs from officer roles

The U.S. Securities and Exchange Commission (SEC) is pursuing sanctions to prohibit former FTX co-founder Gary Wang, former Director of Engineering Nishad Singh, and former Alameda Research CEO Caroline Ellison from serving as officers or directors of public companies for several years, The Block reported. According to the SEC, the executives, while not admitting to the allegations, have consented to legal orders that would bar them from committing securities fraud and restrict certain activities for the next five years. The measures require court approval to be finalized.