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SEC Launches Unit to Tackle Fraud in AI, Blockchain, and Crypto

In a final update, the Securities and Exchange Commission announced today the creation of the Cyber ​​and Emerging Technologies unit (CETU) to focus on the fight against Cyber ​​misconduits and to protect investors from Detail against bad actors in the emerging space.

CETU, led by Laura d’Allaird, replaces cryptographic assets and cyber and is made up of around 30 fraud and lawyers in several DEC offices.

“Under the direction of Laura, this new unit will complete the work of the working group on the crypto led by Commissioner Hester Peirce. Above all, the new unit will also allow the dry to judiciously deploy the application resources, ”said acting president Mark T. Uyeda.

The new Cyber ​​and emerging SEC technologies unit (CETU) is designed to protect investors and promote innovation. The unit will focus on stopping fraud involving emerging technologies such as AI, Blockchain and Crypto. He will target problems such as fraud via social media, hacking private information and takeover of brokerage accounts. The CEU will also ensure that companies comply with cybersecurity rules and prevent the false disclosure of cybersecurity. The objective is to protect the market while allowing new technologies to grow.

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