Lawmakers Give SEC Deadline for Sam Bankman-Fried Records | PYMNTS.com

Lawmakers are clashing with a regulator over access to records about the arrest of Sam Bankman-Fried.

The House Financial Services Committee “will consider all avenues to compel” the release of documents related to the arrest from the Securities and Exchange Commission (SEC).

The chairman of the committee, Patrick McHenry, and the chairman of the Subcommittee on Oversight and Investigations, Bill Huizenga, said in a Wednesday (April 12) letter to SEC Chair Gary Gensler that Gensler has refused to provide documents relating to charges against FTX founder Sam Bankman-Fried.

“We expect the staff recommendation memo to be produced immediately and all other material gathered as a result of the narrowed scope to be produced no later than 5:00 p.m. on April 17, 2023,” they wrote in the letter. “Failure to produce the requested information could result in the Committee considering using compulsory process, if necessary, to obtain the requested information.”

Source: Lawmakers Give SEC Deadline for Sam Bankman-Fried Records | PYMNTS.com