FTX Insiders Ellison And Wang Finalize CFTC Settlements With Permanent Bans

Former FTX executives Caroline Ellison and Gary Wang have finalized CFTC consent orders that impose permanent trading and registration bans, adding another regulatory closeout to the long-running FTX collapse.

The settlements do not add new civil monetary penalties, according to the validated CFTC materials. Instead, the focus is on permanent bans tied to their roles in the FTX and Alameda Research misconduct.

This is not a new criminal case.

Both figures have already been central witnesses in the wider FTX proceedings. The CFTC consent orders are part of the civil regulatory aftermath, showing how agencies continue to close enforcement actions even after the main criminal storyline has moved forward.

For more details, visit the official Cftc platform.

TL;DR

• Caroline Ellison and Gary Wang finalized CFTC consent orders.
• The orders impose permanent trading and registration bans.
• The settlements do not add new civil monetary penalties.

Why The CFTC Orders Matter

The FTX collapse involved several regulatory tracks.

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