SEC Announces Initiative to Fight Cyber Threats and Protect Retail Investors

On October 26, 2017, Stephanie Avakian, Co-Director of the SEC’s Enforcement Division, gave a speech which discussed the Commission’s initiative related to retail investor protection and cybersecurity. The speech gave an overview of how the SEC is allocating resources to further address two of its more critical priorities, protecting retail investors and combating cyber threats.

The SEC continually focuses on protecting retail investors, because they are the most vulnerable. According to Avakian, the SEC will also remain focused on cyber-related issues.  To align the SEC’s resources with those two key priorities, the Commission created the Retail Strategy Task Force and a Cyber Unit.