{"id":518373,"date":"2022-11-30T08:26:16","date_gmt":"2022-11-30T05:26:16","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bankman-fried-on-the-hook-in-texas-called-to-appear-at-feb-hearing\/"},"modified":"2022-11-30T08:26:16","modified_gmt":"2022-11-30T05:26:16","slug":"bankman-fried-on-the-hook-in-texas-called-to-appear-at-feb-hearing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bankman-fried-on-the-hook-in-texas-called-to-appear-at-feb-hearing\/","title":{"rendered":"# Bankman-Fried on the hook in Texas, called to appear at Feb. hearing"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2d7c9e4fc62\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2d7c9e4fc62\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bankman-fried-on-the-hook-in-texas-called-to-appear-at-feb-hearing\/#%E2%80%9D_Bankman-Fried_on_the_hook_in_Texas_called_to_appear_at_Feb_hearing_%E2%80%9C\" >&#8221; Bankman-Fried on the hook in Texas, called to appear at Feb. hearing  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bankman-Fried_on_the_hook_in_Texas_called_to_appear_at_Feb_hearing_%E2%80%9C\"><\/span>&#8221; Bankman-Fried on the hook in Texas, called to appear at Feb. hearing  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNWZlNmYxM2EtMjYzNy00ZDA1LTg1ZTQtODIzNWM1NTU4YjQ3LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-b8b12140>Former FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing by the Texan securities regulator as part of an investigation into whether he and FTX US have violated Texas securities laws.\u00a0<\/p>\n<p>In a Notice of Hearing <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ssb.texas.gov\/news-publications\">signed<\/a> off by Texas State Securities Board\u2019s (SSB\u2019s) director of enforcement Joe Rotunda and served to Bankman Fried on Nov. 29, the regulator alleges that FTX US offered unregistered securities to Texans through its \u201cEARN\u201d accounts.<\/p>\n<p>The investigation was first announced on Oct. 14, before the dramatic collapse and bankruptcy of FTX\u2019s global operations. The regulator announced at the time it was investigating FTX Trading and FTX US and its principals including Sam Bankman-Fried for offering unregistered securities through its yield-bearing products. <\/p>\n<p>On Nov. 18, Rotunda used <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal to the public to reach out to him if they were a previous client of FTX and based in Texas.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">If you\u2019re a client if <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FTX_Official?ref_src=twsrc%5Etfw\">@FTX_Official<\/a> and you live in Texas, please reach out to me. We want to hear your story. My Texas State Securities Board email address is jrotunda@ssb.texas.gov.<\/p>\n<p>\u2014 Joe Rotunda (@joe_rotunda) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/joe_rotunda\/status\/1593715768805449731?ref_src=twsrc%5Etfw\">November 18, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>In the latest notice, the SSB alleged that Sam Bankman-Fried violated a section of the Securities Act during his role as the then-CEO of FTX. <\/p>\n<p>\u201cRespondent [Sam Bankman-Fried] violated Section 4003.001 of the Securities Act by offering and selling securities in Texas that were not registered or permitted for sale in Texas,\u201d said Rotunda, adding it also didn\u2019t register as a dealer or agent in Texas. <\/p>\n<p>The regulator said it hoped that the hearing will lead to a Cease and Desist order to prevent FTX from \u201cengaging in fraud in connection with the offer or sale of securities in Texas.\u201d<\/p>\n<p>It was also \u201cpraying\u201d for the judge to order Bankman-Fried to return money to Texan customers that had invested in its \u201cunregistered EARN accounts.\u201d<\/p>\n<p>The regulator also wants consideration of an \u201cadministrative fine\u201d to be issued to Bankman-Fried should he have gained any economic benefit from the securities law violations. This amount wouldn\u2019t exceed $20,000 per violation but could go to $250,000 for every \u201cillegal or fraudulent act\u201d that was perpetrated against Texans over the age of 65. <\/p>\n<p>Rotunda said the hearing will commence at 9am local time on Feb. 2, 2023, and Bankman-Fried can attend the hearing using Zoom. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>\u2018I never opened the code for FTX\u2019: SBF has long, candid talk with vlogger<\/em><\/strong><\/p>\n<p>Bankman-Fried is understood to currently be in the Bahamas. <\/p>\n<p>In a recently published interview between crypto blogger Tiffany Fong and Bankman-Fried, the former FTX CEO expressed remorse over his handling of FTX and the bankruptcy filing. <\/p>\n<p>\u201cYou don\u2019t get into the situation we got in if you, like, make all the right decisions,\u201d he said in the recently released Nov. 16 interview. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bankman-fried-on-the-hook-in-texas-called-to-appear-at-feb-hearing\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bankman-Fried on the hook in Texas, called to appear at Feb. hearing &#8220; Former FTX CEO Sam Bankman-Fried has been called to a Feb. 2 hearing by the Texan securities regulator as part of an investigation into whether he and FTX US have violated Texas securities laws.\u00a0 In a Notice of Hearing signed off&#8230;<\/p>\n","protected":false},"author":1,"featured_media":518374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvNWZlNmYxM2EtMjYzNy00ZDA1LTg1ZTQtODIzNWM1NTU4YjQ3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[135234,89897,117,71433,70934,6474,67874],"class_list":["post-518373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-ftx","tag-sam-bankman-fried","tag-business","tag-court","tag-regulation","tag-texas","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/518373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=518373"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/518373\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/518374"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=518373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=518373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=518373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}