US financial committee demands SBF-related documents from SEC

The US House Financial Services Committee has requested documents related to the charges brought against FTX founder Sam Bankman-Fried by the Securities and Exchange Commission (SEC).

members of parliament I have written The timing of the SEC’s indictment against SBF raises “serious questions about its process and cooperation” with the U.S. Department of Justice (DoJ).

To this end, the MPs requested that the Commission provide all records and correspondence of its employees at the Executive Branch and the Chair’s office relating to the claims of the SBF between November 2nd and February 9th. I hope

The Commission has also asked financial watchdogs to provide similar documentation of their interactions with the DoJ during that period.

The SEC has until February 24th to produce these documents.

SBF was arrested in the Bahamas on December 12, and US federal attorney Damien Williams filed criminal charges against him.

On December 13th, both the SEC and the Commodity Futures Trading Commission (CFTC) indicted the disgraced founder.

The SEC is now facing backlash over its recent enforcement action against cryptocurrency exchange Kraken.

Leave a Reply

Your email address will not be published. Required fields are marked *