Chief Of US Securities and Exchange Commission (SEC) Division of Enforcement’s Cyber Unit Resigns

Robert A Cohen, the head of United States Securities and Exchange Commission (SEC) Division of Enforcement’s Cyber has called quits from the organization. He had a pivotal part in the enforcement for cyber division in 2017.

Regarding the departure, Chairman Jay Clayton said:

“I’m grateful to Rob for his thoughtfulness, expertise, and leadership in taking on the creation of the Cyber Unit. He leaves the unit well-positioned to continue the critical work of protecting our markets and retail investors in this complex and continually developing area.”

Cohen joined the SEC in 2004. He has been involved in significant enforcement actions involving investment advisers and investment companies, insider trading, market manipulation, and public company accounting and financial disclosure violations.

Prior to joining the Commission, he was in private practice and served as a law clerk to the Honorable Alexander Williams, Jr., United States District Court for the District of Maryland.

The co-founder of the SEC's Division of Enforcement, Stephanie Avakian added:

“Rob has been a true leader in the Enforcement Division. We relied on Rob to lead the Cyber Unit because of his record of handling complex, high priority enforcement cases with both toughness and fairness, while also mentoring and training countless SEC attorneys and supervisors.”

Earlier this month BitcoinExchangeGuide reported about the SEC permitting Blockstack to make a $28 Million offering under Regulation A+. This was the first of its kind offering that gives crypto-based businesses an alternative to an IPO through an entirely new fundraising template.

The token offering will open on Thursday, July 11th at 11:00 am Eastern Daylight Time to any purchaser who would like to take part in the Blockstack next-generation computing network, apart from a small number of geographical restrictions.

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