SEC Doubles Size of Crypto Assets and Cyber Enforcement Unit

Posted on May 6th, 2022 at 1:10 PM
SEC Doubles Size of Crypto Assets and Cyber Enforcement Unit

From the Desk of Jim Eccleston at Eccleston Law:

The Securities and Exchange Commission (SEC) has added 20 new positions to the enforcement unit responsible for protecting investors in crypto markets and from cyber-related threats. 

The newly branded Crypto Assets and Cyber Unit will be comprised of 50 dedicated positions in the Division of Enforcement. The unit already has commenced nearly 80 enforcement actions pertaining to fraudulent and unregistered crypto asset offerings since its inception in 2017, and has obtained monetary relief of at least $2 billion. The Crypto Assets and Cyber Unit will serve to protect investors in the crypto markets, with an emphasis on investigating crypto asset offerings, crypto asset exchanges, crypto asset lending and staking products as well as non-fungible tokens (NFTs). 

The unit additionally has filed several actions against SEC registrants and public companies for failing to implement adequate cybersecurity controls and for failing to disclose cybersecurity risks and incidents. The addition of 20 new positions into the Crypto Assets and Cyber Unit will enable the agency to hire additional investigative staff attorneys, trial counsels and fraud analysts. 

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

 
 

Tags: eccleston law, sec, crypto

Return to Archive

TESTIMONIALS

Previous
Next

As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

Bill C. and Dan M.

LATEST NEWS AND ARTICLES

July 16, 2025
Former CFA Institute Executive Charged in $5 Million Embezzlement Scheme

Michael J. Collins, the former chief marketing officer of the CFA Institute, has been accused of embezzling nearly $5 million from the financial education organization through a long-running fraud scheme designed to fund a lavish personal lifestyle.

July 15, 2025
Former Advisor Sues Prime Capital Again Over Unpaid Equity Redemption

A former San Diego-based advisor has filed a second lawsuit against Prime Capital Financial, alleging breach of contract after the firm failed to honor agreed-upon terms related to his equity buyout.

July 14, 2025
Wisconsin Man Charged in $15.8 Million Ponzi Scheme Disguised as Investment Advisory Business

Federal authorities have charged a Wisconsin man with orchestrating a multimillion-dollar Ponzi scheme that defrauded more than 120 investors over six years.