RIA Compliance Blog
Earlier this year, Securities and Exchange Commission Chairman Jay Clayton appointed Stephanie Avakian and Steven Peikin as co-directors of the SEC’s Enforcement Division. In an interview with Reuters, Avakian and Peikin expressed particular concern about cyber threats and how the SEC should make cybersecurity an enforcement priority. According to Peikin, “The greatest threat to our markets right now is the cyber threat… That crosses not just this building, but all over the country.”
The SEC has expanded of investigations relating to cybercrimes. There also appears to be an increase in incidents of hackers attempting to gain access to brokerage accounts. In response, the SEC has begun obtaining statistics about cybercrimes to assess market-wide issues. Continue reading ›