CFTC Consent Orders: Ellison and Wang Face Permanent Bans
CFTC finalizes consent orders on former FTX executives Caroline Ellison and Gary Wang with permanent trading and registration bans and no added fines.
The Commodity Futures Trading Commission has finalized consent orders against Caroline Ellison and Gary Wang that impose permanent trading and registration bans.
The orders add no new civil monetary penalties.
Both individuals had already cooperated as witnesses in the criminal proceedings that followed the FTX collapse.
Remaining unknowns
The orders form part of the civil regulatory aftermath rather than any new criminal action.
The exact scope of the banned activities under CFTC jurisdiction is not specified.
It remains unknown whether these orders close all CFTC matters involving the two individuals.