The Securities and Exchange Commission is moving to scale back a special unit of more than 50 lawyers and staff members that had been dedicated to bringing crypto enforcement actions, five people with knowledge of the matter said.[…] Some of the lawyers in the crypto unit are being assigned to other departments in the S.E.C., the people said. One of…
The Securities and Exchange Commission today announced the allocation of 20 additional positions to the unit responsible for protecting investors in crypto markets and from cyber-related threats. The newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit) in the Division of Enforcement will grow to 50 dedicated positions. “The U.S. has the greatest capital markets because…
The Securities and Exchange Commission today announced that Daniel Michael has been named chief of the Enforcement Division’s Complex Financial Instruments Unit. In his new role, Mr. Michael will lead a specialized unit of attorneys and industry experts who are located in offices across the country and investigate potential misconduct related to complex financial products and practices involving sophisticated market…
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. Since 2015, he and Joseph…
In a speech yesterday at the Cybercrime 2020 Symposium–the DOJ Criminal Division’s inaugural symposium on cybercrime–Assistant Attorney General Leslie R. Caldwell announced that the DOJ is creating a dedicated Cybersecurity Unit within the Criminal Division. via DOJ Creating Dedicated Cybersecurity Unit Within Criminal Division | Compliance Week
The SEC announced yesterday that Michael J. Osnato, Jr. has been named chief of the Enforcement Division’s Complex Financial Instruments Unit, filling the vacancy left by the departure of Kenneth Lench. The Complex Financial Instruments Unit was previously known as the Structured and New Products Unit. via SEC Enforcement’s Osnato Named Chief of Renamed ‘Complex Financial Instruments Unit’ – Compliance…
The SEC announced today that LeeAnn Ghazil Gaunt has been named the new chief of the Enforcement Division’s Municipal Securities and Public Pensions Unit. Gaunt fills the vacancy created by the departure of former chief Elaine C. Greenberg, who left the SEC in July 2013. via LeeAnn Ghazil Gaunt Named Chief of SEC Enforcement’s Municipal Securities Unit – Compliance Week