United States ยท US Securities and Exchange Commission (consent judgment, US District Court for the Southern District of New York)
Gary Wang: director ban
In force The 8 year bar was approved by the court in December 2025.
Typeofficer and director bar
Length8 years
Start23 December 2025
EndNot stated
Grounds
The SEC alleged the former chief technology officer of FTX Trading took part in defrauding investors in FTX. Without denying the allegations, the defendant consented to permanent antifraud injunctions, five year conduct based injunctions and an 8 year officer and director bar.1
Companies
FTX Trading Ltd.
Record
- SEC said Ellison and Wang had consented to bifurcated settlements, with the length of the bars left to the court.3
- SEC filed a proposed final consent judgment including an 8 year officer and director bar.1
- Judge P. Kevin Castel of the Southern District of New York approved the officer and director bars, according to Bloomberg Law.2
Sources
- US Securities and Exchange Commission, Litigation Release No. 26450, SEC Obtains Final Consent Judgments Against Two Former FTX Executives and a Former Alameda Executive (19 December 2025)
- Bloomberg Law, FTX, Alameda Execs' SEC Officer-Director Bars Get Court Approval (23 December 2025)
- US Securities and Exchange Commission, Litigation Release No. 25617, SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX (19 January 2023)
A disqualification restricts acting as a company director for the period stated. It is a civil measure and is not a criminal conviction unless stated. How bans work.