Texas regulators have called former FTX_Official CEO SBF_FTX to a hearing in February to answer claims that FTX offered unregistered securities through its yield-bearing service. jesseahamilton and cheyenneligon report
Ex-FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing to answer to claims from a Texas regulator that FTX US offered unregistered securities products through its yield-bearing service.accusing Bankman-Fried’s company of securities violations
FTX Capital Markets LLC is registered as a dealer with the board, and “Texans were able to buy and sell publicly traded stock through the firm,” according to the hearing notice that was dated Nov. 22. The state regulator is seeking a cease-and-desist order for FTX to halt securities fraud in the state, to return money to affected investors and to target Bankman-Fried with fines.
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