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News

New FTX CEO John J. Ray III Was Charged By SEC With Insider Trading

November 11, 2022 - Around 2 mins mins to read
While the news of FTX’s bankruptcy receives a negative reaction from the cryptocurrency market, it is now up to the new FTX CEO John J. Ray III, to perform. The new CEO allegedly engaged in registered insider trading, according to SEC claims that were disclosed.
New FTX CEO John J. Ray III Was Charged By SEC With Insider Trading

John J. Ray III is listed as an insider trader by the U.S. Securities and Exchange Commission (SEC), according to a report.

Due to a lack of financial declarations, while holding positions of responsibility, John J. Ray III‘s name is listed with the allegations. The new FTX CEO traded equities from three different companies while holding positions that required financial disclosures, according to the investigation.

Under the direction of the new CEO, FTX would aim to navigate the bankruptcy process. The company said in its bankruptcy notice that only a structured procedure could successfully manage its assets. The business claimed that its employees in numerous nations worldwide would support the new FTX CEO.

Sam Bankman-Fried had already announced his resignation as CEO in a statement from the FTX exchange. After a week of utter pandemonium around FTX, the bankruptcy has had a significant negative impact on the cryptocurrency market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

FTX

insider trading

John J. Ray III

Sam Bankman-Fried

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

New FTX CEO John J. Ray III Was Charged By SEC With Insider Trading

While the news of FTX’s bankruptcy receives a negative reaction from the cryptocurrency market, it is now up to the new FTX CEO John J. Ray III, to perform. The new CEO allegedly engaged in registered insider trading, according to SEC claims that were disclosed.
New FTX CEO John J. Ray III Was Charged By SEC With Insider Trading

John J. Ray III is listed as an insider trader by the U.S. Securities and Exchange Commission (SEC), according to a report.

Due to a lack of financial declarations, while holding positions of responsibility, John J. Ray III‘s name is listed with the allegations. The new FTX CEO traded equities from three different companies while holding positions that required financial disclosures, according to the investigation.

Under the direction of the new CEO, FTX would aim to navigate the bankruptcy process. The company said in its bankruptcy notice that only a structured procedure could successfully manage its assets. The business claimed that its employees in numerous nations worldwide would support the new FTX CEO.

Sam Bankman-Fried had already announced his resignation as CEO in a statement from the FTX exchange. After a week of utter pandemonium around FTX, the bankruptcy has had a significant negative impact on the cryptocurrency market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News