The Commodity Futures Trading Commission has finalized an enforcement action against former FTX executives Caroline Ellison and Gary Wang. The agency issued a supplemental consent order on August 19, 2026, resolving the case with specific penalties for both individuals.
Ellison received a ten-year registration bar, while Wang was subject to an eight-year bar. In addition to these restrictions, the order imposes a five-year trading ban applicable to the resolved enforcement matter.
Key facts
- The CFTC issued a supplemental consent order on August 19, 2026.
- Caroline Ellison faces a 10-year registration bar.
- Gary Wang faces an 8-year registration bar.
- A five-year trading ban was imposed as part of the resolution.
- The enforcement action is now considered resolved.
Why it matters
This regulatory conclusion establishes defined periods during which these former industry figures are prohibited from participating in specific market activities. The distinct lengths of the registration bars reflect the final terms agreed upon in the settlement, marking a formal end to this particular chapter of oversight regarding their professional conduct.