SEC Launches Cyber and Emerging Technologies Unit to Tackle Fintech Fraud
- The SEC has created the Cyber and Emerging Technologies Unit (CETU) to address fraud in fintech and cyber technologies.
- Laura D’Allerd will lead CETU, focusing on protecting retail investors from digital financial crimes.
- CETU will prioritize investigations involving artificial intelligence, social media, cryptocurrencies, and cyber attacks.
- This initiative reflects the SEC’s heightened concern over digital risks in financial markets.
- CETU replaces the previous crypto-assets and cyber technologies division, promising expanded functions.
The SEC’s establishment of CETU, led by Laura D’Allerd, aims to enhance oversight of fintech fraud, focusing on AI, social media, and cryptocurrencies to protect retail investors.
Source (2.6)https://hodl.press/sec-forms-division-to-combat-ai-and-crypto-fraud/?rand=24434
