US SEC Announces Establishment of Networks and Emerging Tech Units to Protect Retail Investors Involved in Fighting Crypto Assets

PANews February 20th news, according to official announcement, the U.S. Securities and Exchange Commission today announced the establishment of the Network and Emerging Technology Division (CETU) to focus on combating network-related misconduct and protect retail investors from bad actors in emerging technology fields. Infringement. The CETU, led by Laura D'Allaird, replaces the crypto assets and networking division, consists of approximately 30 fraud experts and lawyers from multiple SEC offices.

Specifically, CETU will leverage its employees’ extensive fintech and network-related experience to combat misconduct related to securities trading in the following priority areas:

• Frauds implemented using emerging technologies such as artificial intelligence and machine learning
• Use social media, dark web or fake websites to commit fraud
• Obtain major non-public information through hacking
• Takeover of retail brokerage accounts
• Fraud involving blockchain technology and crypto assets
• Compliance with regulated entities for cybersecurity rules and regulations
• Fraudulent disclosure of cybersecurity of listed companies