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- The SEC has authorized rates in opposition to FTX founder Sam Bankman-Fried, the regulator said on Monday.
- The announcement came soon soon after the Bahamian authorities arrested Bankman-Fried.
- Bankman-Fried resigned as FTX’s CEO on November 11, the similar day the trade submitted for Chapter 11 individual bankruptcy.
The US Securities and Exchange Commission said it will file rates in opposition to FTX founder Sam Bankman-Fried on Tuesday relating to violations of securities regulation.
The SEC produced the announcement on Monday, soon right after Bahamian authorities arrest Bankman-Fried, the US Attorney’s Office environment Southern District of New York verified.
“We commend our legislation enforcement companions for securing the arrest of Sam Bankman-Fried on federal felony fees,” Gurbir Grewal, the enforcement director for the SEC, wrote in a statement posted to Twitter.
—U.S. Securities and Trade Commission (@SECGov) December 13, 2022
Bankman-Fried resigned as the CEO of FTX on November 11, the very same working day the trade filed for Chapter 11 individual bankruptcy, as it failed to secure a rescue next an extreme week-long liquidity squeeze.
The SEC did not quickly react to Insider’s ask for for remark sent exterior typical organization hours.
This is a establishing tale. Look at back again for updates.
