US lawmakers query SEC chair on timing of Sam Bankman-Fried’s arrest

Two members of the US Home Monetary Companies Committee have name out Securities and Alternate Fee Chair Gary Gensler “relating to the timing of the costs filed in opposition to FTX founder Sam Bankman-Fried” based mostly on his scheduled look at a listening to.

In a Feb. 10 discover, committee chair Patrick McHenry and Consultant Invoice Huizenga, who chairs the Oversight and Investigations Subcommittee, mentioned the timing of Bankman-Fried’s fees and arrest within the Bahamas raised “severe questions concerning the SEC’s course of and cooperation with the Division of Justice.” The 2 lawmakers referred to as on Gensler to supply information and communications from the SEC’s Division of Enforcement, his workplace, and between the company and the Justice Division associated to SBF’s fees from Nov. 2 to Feb. 9.

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