SEC Launches CETU to Shield Retail Investors from Tech Threats

The U.S. Securities and Exchange Commission (SEC) has recently established the Cyber and Emerging Technologies Unit (CETU) to safeguard retail investors from potential threats in the rapidly evolving technology landscape. This new unit, which replaces the Division of Enforcement's Cyber Unit, is composed of around 30 fraud experts and attorneys stationed across various SEC offices.

The creation of CETU comes as a response to the increasing prevalence of internet-related misconduct and the need to protect retail investors from malicious actors in the emerging technology space. The new unit will focus on combating these issues and ensuring the integrity of the market.

In addition to CETU, the SEC has also launched the FinHub, a strategic hub for innovation and financial technology. FinHub aims to foster engagement and collaboration between the SEC and market participants on emerging technologies, such as digital assets, artificial intelligence, and distributed ledger technology.

The establishment of FinHub and CETU reflects the SEC's commitment to staying ahead of the curve in the ever-changing financial landscape. By addressing the challenges posed by emerging technologies and protecting retail investors, the SEC is working to maintain a fair and efficient market for all participants.