US SEC Appoints Kristina Littman As New Cyber Unit Chiefbr>
The US Securities and Exchange Commission (SEC) has appointed Kristina Littman as the new chief of the Division of Enforcement’s Cyber Unit.
Founded in 2017, the Cyber Unit is a national, specialized unit that focuses on protecting investors and markets from cyber-related misconduct. It targets “violations” involving initial coin offerings (ICO) and blockchain technology.
Littman succeeds Robert Cohen, who left the SEC in August. Under Cohen, the Cyber Unit pursued actions against ICOs that the SEC deemed fraudulent. Littman will be inheriting major crypto lawsuits, including the one filed earlier this year against online messaging app Kik Interactive for allegedly selling unregistered securities as part of its $100 million ICO.
Littman, who joined the SEC’s Division of Enforcement in 2010 as a staff attorney in the Philadelphia office, has served as Senior Advisor to SEC Chairman Jay Clayton. Littman has been the lead advisor to the Chairman on matters involving the Division of Enforcement and Commission adjudications. She has also advised on regulatory and policy matters relating to cryptocurrencies and digital assets, international affairs, trading and markets, and investment management.
“Kristy’s innovative thinking and extensive experience within the Commission have made her an invaluable advisor and, most importantly, a tireless defender of America’s investors,” said Clayton. “She will be an excellent leader for the Cyber Unit as it continues its work in this critical and continually evolving area.”
“I am honored to have the opportunity to serve as Chief of the Cyber Unit,” said Littman. “I am thrilled to work with the talented women and men who have led the SEC’s efforts to pursue cyber-related misconduct.”