SEC Cyber Unit Chief Robert A. Cohen will be leaving the SEC. Mr. Cohen was the first Cyber Unit Chief.
The Cyber Unit, created by the Division of Enforcement in 2017, was established to focus on (i) violations involving digital assets and cryptocurrency, (ii) cyber-related trading violations, and (iii) cybersecurity disclosures and procedures.
Prior to assuming that position, Mr. Cohen was the Co-Chief of the Market Abuse Unit.
The SEC introduced two new initiatives to monitor and address issues related to cybersecurity. In addition, SEC Chair Jay Clayton updated the Senate Banking Committee on the SEC response to the EDGAR system cyber breach.
The SEC instituted a settlement against a firm that provided the SEC with incomplete "blue sheet" information about executed trades.