The SEC has established the Cyber and Emerging Technologies Unit (CETU), led by Laura D'Allaird, to enhance the protection of retail investors against fraud related to emerging technologies. This new unit, which replaces the previous Crypto Assets and Cyber Unit, comprises around 30 experts aimed at addressing issues such as AI-driven fraud, cyber hacks, and compliance with cybersecurity regulations. Mark T. Uyeda, the Acting Chairman, highlighted the CETU's role in facilitating capital formation and market efficiency while rooting out nefarious actors exploiting technological advancements against investors.
The new Cyber and Emerging Technologies Unit will focus on defending investors from fraud related to emerging technologies, including AI and crypto, enhancing market efficiency.
Acting Chairman Mark T. Uyeda emphasized the importance of the unit in protecting investors while promoting innovation and market growth, tackling malicious actors effectively.
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