On May 3, the U.S. Securities and Exchange Commission (SEC) announced the expansion of its Crypto Assets and Cyber Unit (the Unit f/k/a the Cyber Unit) to 50 staff members, nearly double the Unit’s former size, including supervisors, investigative staff attorneys, trial counsel and fraud analysts. The Unit is a group within the Division of Enforcement. It was created in 2017 to target cyber-related misconduct and establish a retail strategy task force that develops initiatives to identify misconduct that impacts retail investors.

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