SEC FTX Probe: In a new development around the US SEC’s probe on FTX collapse, the U.S. House Committee on Financial Services Republicans raised serious concerns about the way the matter was handled. In what could go down as a huge remark against Gary Gensler‘s SEC, the committee chairman Patrick McHenry sought all records and communications from the agency about the ongoing investigation. “The American people transparency from you and your agency,” the chairman said. The House committee chairman asked for the records to be submitted in two weeks time.
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FTX Probe’s Timing
According to a letter from Chairman McHenry to the SEC Chair, this view stemmed out of the timing of the charges and Sam Bankman-Fried‘s arrest.
“The timing of the charges and his arrest raise serious questions about the SEC’s process and cooperation with the Department of Justice.”
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