According to the CFTC, a supplemental consent order requires Nishad Singh to disgorge $3.7 million and bars him from trading for five years and from registration for eight years.
The U.S. Commodity Futures Trading Commission reached a supplemental consent order with former FTX head of engineering Nishad Singh requiring $3.7 million in disgorgement. In addition to the monetary penalty, the order imposes a five-year trading ban and an eight-year registration ban. The regulator said the resolution and penalty reflected Singh’s cooperation with authorities. The action adds trading restrictions to the previously reported sanctions tied to the case.