Peikin highlights Enforcement focus on cyber issues, individual liability

By Amy Leisinger, J.D. The SEC’s Division of Enforcement primarily focuses on the most substantial challenges and risks facing investors and markets and how to best use limited resources to effectively address these issues, said Enforcement Co-Director Steven Peikin in a keynote Address to the UJA Federation. Generally, today’s problems continue to involve outright fraud and other forms of misconduct that undermine market confidence and work against the interests of retail investors, he explained. However, the contours of risks are always changing given the ingenuity of bad actors, increasing market complexity, and rapid technological development and Enforcement staff has been forced to adapt to a shifting landscape, the director explained. Cybersecurity and ICOs. According to Peikin, the Division of Enforcement has increased its focus on, and dedicated additional resources to, cyber-related matters, including initial coin offerings. In particular, the director…

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