An Apologetic SEC Faces Possible Sanctions for Misleading Judge in Crypto Case

Also, banks say FDIC proposal seeks to micromanage their boards of directors

The SEC’s enforcement chief has ordered mandatory training for his division’s lawyers, investigators and accountants as the agency scrambles to avoid being sanctioned by a federal judge for providing “false and misleading” assertions in a case against a crypto firm.

In a sign of how serious the situation is, Director Gurbir Grewal filed a personal apolog…