The U.S. Securities and Exchange Commission charges SBF with defrauding FTX investors

2023-01-19 23:56:09

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ChainCatcher news, according to documents from the official website of the U.S. Securities and Exchange Commission (SEC), the SEC has charged SBF with defrauding FTX investors. The SEC's complaint alleges that Bankman-Fried violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The SEC's complaint seeks an injunction against future violations of the securities laws; a ban on SBF from participating in the issuance, purchase, offer, or sale of any securities, except for his own personal accounts; the forfeiture of his ill-gotten gains; civil penalties, and more.

At the same time, the U.S. Attorney's Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) have brought charges against SBF. (source link)

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