FTX Insiders Ellison And Wang Finalize CFTC Settlements With Permanent Bans
Caroline Ellison and Gary Wang finalized CFTC consent orders that permanently ban them from trading or registering in CFTC-regulated markets. The settlements do not add new civil monetary penalties; they focus on long-term regulatory restrictions tied to their roles in the FTX and Alameda Research misconduct. This is a civil enforcement action, not a new criminal case. The orders are part of the broader legal cleanup after FTX’s collapse, alongside criminal cases, bankruptcy proceedings, and SEC/CFTC civil actions. Ellison and Wang had already cooperated as key witnesses in the criminal case against Sam Bankman-Fried. The bans reinforce that executives involved in major misconduct can be excluded from future regulated market participation, even after other parts of the FTX fallout move forward.
