FTX Executives Agree to Officer-Director Bans in Settlement with SEC

Former FTX executives Caroline Ellison, Zixiao Wang, and Nishad Singh have agreed to a non-monetary settlement with the SEC, which includes bans from holding officer or director roles at publicly traded firms. Ellison will be barred for 10 years, while Singh and Wang will be barred for eight years. The SEC alleged that the executives mismanaged FTX by directing customer funds to Alameda, a sister company. The settlement comes after Bankman-Fried's conviction on fraud charges related to FTX's bankruptcy.