On September 25, the SEC issued a press release announcing two new enforcement initiatives to combat cyber-based threats and protect retail investors: the creation of a Cyber Unit and the establishment of a retail strategy task force. The Cyber Unit will focus on areas such as market manipulation schemes involving electronically transferred false information and data breaches intended to obtain nonpublic information. The retail strategy task force will focus on leveraging data analytics and technology to identify large-scale misconduct affecting retail investors.
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