SEC Launches Unit to Tackle Crypto Fraud

SEC Establishes Cyber and Emerging Technologies Unit

• The SEC has launched the Cyber and Emerging Technologies Unit (CETU) to address cyber-related misconduct.
• Laura D’Allaird leads CETU, which includes around 30 fraud specialists and attorneys.
• CETU replaces the previous Crypto Assets and Cyber Unit.
• The unit targets fraud involving AI, social media, dark web activities, and blockchain technology.
• CETU also addresses retail brokerage account takeovers and cybersecurity compliance issues.

The SEC’s new CETU, led by Laura D’Allaird, focuses on combating cyber-related threats like AI-driven fraud and blockchain scams. The unit comprises approximately 30 specialists to protect retail investors.