Trading

Trading

Alameda ex-CEO Caroline Ellison taps SEC’s former top crypto regulator as lawyer in FTX investigation

Alameda Research ex-CEO Caroline Ellison has retained a former top cryptocurrency regulator for the US Securities and Exchange Commission as the federal investigation into the downfall of FTX continues. Bloomberg first reported that Ellison hired Stephanie Avakian, chair of the securities and financial services department at ...Read More

Early Alameda Staffers Quit After Battling Sam Bankman-Fried Over Risk, Compliance Concerns

Years before Sam Bankman-Fried’s crypto empire collapsed, a group of employees quit in a power struggle—after becoming concerned about what they say was his cavalier approach to risk, compliance and accounting. The employees worked at his trading firm, Alameda Research, and were some of his earliest ...Read More

FTX fiasco puts crypto back into regulators’ crosshairs

As Binance walks away from bailing out rival crypto exchange FTX, the rapidly unfolding saga is putting crypto on U.S. regulators’ radars yet again. “It does not matter that these are global exchanges. It feeds the narrative that crypto companies are taking excessive risks ...Read More

Wall Street to Pay $1.8 Billion in Fines Over Traders’ Use of Banned Messaging Apps

Eleven of the world’s largest banks and brokerages will collectively pay $1.8 billion in fines to resolve regulatory investigations over their employees’ use of messaging applications that broke record-keeping rules, regulators said Tuesday. The firms include brokerage units of Bank of America Corp., Barclays PLC,  Citigroup, Credit ...Read More