The Texas Securities Board has summoned embattled former FTX CEO Sam Bankman-Fried to a February 2nd hearing.
The summon is part of an investigation into whether FTX and Sam Bankman-Fried violated any Texas securities laws by offering unregistered securities products through its yield-bearing service.
Texas State Security Board Investigating FTX
Ex-FTX CEO Sam Bankman-Fried has been summoned by the Texas regulator on February 2nd. Bankman-Fried would have to answer claims that FTX offered unregistered securities. The Notice of Hearing was signed off by Texas State Securities Board’s (SSB’s) director of enforcement, Joe Rotunda, and served to Bankman-Fried on November 29th. According to the regulator, FTX US offered investors in Texas unregistered securities through the company’s EARN accounts.
The latest notice alleges that Sam Bankman-Fried violated sections of the Securities Act in his role as the CEO of FTX.
“Respondent [Sam Bankman-Fried] violated Section 4003.001 of
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