Regional Director of the SEC’s Fort Worth Office Who Pursued AriseBank’s ICO Fraud Departs Agency

  • Shamoil T. Shipchandler , the Director of the Fort Worth Regional Office of the Securities and Exchange Commission, has departed the agency, according to a note by the SEC.
  • Shipchandler oversaw a team of 140 enforcement attorneys, accountants, investigators, and compliance examiners who investigated and enforced the law in the region including Texas, Oklahoma, Arkansas, and Kansas.
  • In early 2018, the SEC halted the ICO that claimed it had raised $600 million from investors as it sought to raise $1 billion.

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