plug the multi-billion dollar holes he had created. his brazen multi-year scheme finally came to an end when ftx, alameda, and the tangled web of affiliates filed or bankruptcy on november 11, 2022. that collapse has had far-reaching consequences for ftx customers, investors and counter parties. and our investigation into those consequences and those individuals and entities involved remains ongoing. but one immediate take away from today s announcement should be noncompliant trading platforms pose dramatic risks to customers and investors. among other things, they don t provide them with the same robust level of disclosures and protections against fraud and conflicts of interest. that s what traditional u.s. registered security exchanges provide. it s imperative the noncompliant platforms come into compliance. as chair genzler has made clear,