SEC Seeks Personal Financial Information of Ripple Executives

The U.S. Securities and Exchange Commission is seeking personal financial information of two Ripple Labs Inc. executives in a lawsuit where it claims the company misled investors in the cryptocurrency XRP by selling the virtual tokens without registering.

Ripple co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse on Thursday asked a federal judge to block subpoenas sent to six banks seeking eight years worth information, saying the request is a “wholly inappropriate overreach” in a suit that doesn’t involve alleged fraud.

They say there is no allegation that their finances were intermingled with those of Ripple and that regulators ...