# Elizabeth Escoto’s CryptoFX association bar

> The SEC barred Elizabeth Escoto from association with investment advisers and other specified financial firms on November 5, 2026.

- URL: https://riadefi.com/regulation/2026-11-05-sec-cryptofx-elizabeth-escoto-association-bar/
- Posture: Enforcement
- Authorities: U.S. Securities and Exchange Commission
- Event date: 2026-11-05
- Effective: 2026-11-05
- Version: 1, published 2026-11-06 (first published 2026-11-06)
- Advisor-relevant: yes

## What changed

The SEC barred Elizabeth Escoto from association with investment advisers and other specified financial firms on November 5, 2026. Escoto sold CryptoFX Venture Agreements, according to the order. The SEC previously alleged that CryptoFX promised returns from crypto-asset and foreign-exchange trading. Escoto consented without admitting most findings, while admitting jurisdiction and the underlying injunction. She may apply for reentry after 2 years.

## Who it affects

- Investment advisers and broker-dealers cannot associate with Escoto while the bar applies.

## What is still open

- The SEC or the appropriate self-regulatory organization must approve any reentry application.

## What it means for an advisor

- Check Escoto’s association status before hiring her or establishing a business relationship covered by the order.

## Sources

1. [Elizabeth Escoto](https://www.sec.gov/files/litigation/admin/2026/34-106830.pdf) · U.S. Securities and Exchange Commission · 2026-11-05 · effective 2026-11-05
2. [Ismael Zarco Sanchez, et al.](https://www.sec.gov/enforcement-litigation/litigation-releases/lr-25949) · U.S. Securities and Exchange Commission · 2024-03-14


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.