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Join the Securities Litigation and Enforcement Group on LinkedInKristina Littman Named Chief of the Cyber Unit
The Securities and Exchange Commission today announced that Kristina Littman has been named Chief of the Division of Enforcement’s Cyber Unit, a national, specialized unit that focuses on protecting investors and markets from cyber-related misconduct. Ms. Littman succeeds Robert Cohen, who left the Commission in August 2019. Ms. Littman joined the SEC’s Division of Enforcement […]
The SEC’s Cyber Unit: Friend or Foe to Registered Entities? | Corporate Counsel
Perhaps the biggest question looming over the future of SEC action on cybersecurity is whether the SEC will initiate enforcement actions against public companies, either for failure to disclose material cyberrisks, or failure to timely report a breach. Speaking in February, then acting director (now Co-Director) of the SEC’s Division of Enforcement, Stephanie Avakian, reportedly […]
SEC Emergency Action Halts ICO Scam — SEC Press Release
The Securities and Exchange Commission today announced it obtained an emergency asset freeze to halt a fast-moving Initial Coin Offering (ICO) fraud that raised up to $15 million from thousands of investors since August by falsely promising a 13-fold profit in less than a month. The SEC filed charges against a recidivist Quebec securities law […]
SEC Shows Off Cybersecurity Muscle Following EDGAR Breach — ThinkAdvisor
Still, there are questions on how many cases will be brought by the new cyberunit. A former SEC attorney who asked to remain anonymous explained to ThinkAdvisor: It is not clear how many SEC staff will be assigned to the cyberunit. Would the cases that are brought have been brought anyway from another part of […]
SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
Over the past several years, the Enforcement Division has developed substantial expertise in the detection and pursuit of fraudulent conduct in an increasingly technological and data-driven landscape. The Cyber Unit will consolidate and advance these efforts, and include staff from across the Enforcement Division. Robert A. Cohen has been appointed Chief of the Cyber Unit. […]