Caroline Ellison hires SEC Crypto Regulator as FTX Probe Lawyer

According to Bloomberg News, Caroline Ellison has hired Stephanie Avakian (ex-SEC enforcement division chief and current WilmerHale partner) to represent her during an ongoing federal investigation into the collapsed FTX exchange. Despite being active online before the company’s public problems escalated last month, Ellison has kept a low profile following the collapse of Alameda and its sibling exchange FTX. Glenn Ellison, Ellison’s father, is the chair and deputy director of the SEC Enforcement Division. She was also the SEC enforcement director for four year before Ellison joined WilmerHale in 2020. During her time as Director of the SEC’s Enforcement Division, Stephanie Avakian brought more than 3,000 enforcement actions including those against Robinhood Markets, General Electric, and Tesla Inc chief executive officer Elon Musk while she obtained judgments and orders for more than $17 billion in penalties and disgorgement, and returned approximately $3.6 billion to harmed investors.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: coincu.comThanaCoincu NewsTags: Alameda ResearchCaroline EllisonFTX CollapseSECSecurities and Exchange Commission