At the end of September, the Securities Exchange Commission (“SEC”) announced two new initiatives to address cyber-based threats and protect retail investors. In the press release, the SEC outlined the creation of the Cyber Unit (“Unit”) and the Retail Strategy Task Force (“RSTF”). The Unit will focus on targeting cyber-related misconduct. The RSTF was established to deal with misconduct impacting retail investors.
To learn more about these two new initiatives, click here.