Kristina Littman is the SEC’s New Chief of Cyber Unit to Help Fight Misconduct and Protect Investors
The Cyber Unit is a specialized unit that works with the government, private sector, intelligence, and military stakeholders to conduct risk assessments and reduce the vulnerabilities facing information technology assets. It generally protects investors from cyber-related misconduct.
Kristina Littman’s Scorecard
Her predecessor Robert Cohen who was the first head of the Cyber Unit, left the commission earlier this year in August. Robert Cohen had worked with SEC for 15 years. Kristina Littman first joined SEC’s Division of Enforcement as a staff attorney back in 2010. Since August of 2017, Littman served as senior advisor to SEC Chairman Jay Clayton. While in her role, she was the lead advisor to the chairman on matters involving the Division of Enforcement and Commission adjudications.
On top of this, The SEC adds that she also advised the Commission on policy matters relating to international affairs, cryptocurrencies and digital assets, investment management, and trading and markets. SEC Chairman Jay Clayton in his own words praised Littman tagging her as an experienced and innovative thinker and believes that her services in the Cyber Unit are very critical in this evolving era. Littman is a real professional in securities and law as seen on her LinkedIn profile. Before joining SEC as an attorney, she specialized in securities litigation and judicial law.
“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 […] She will be an excellent leader for the Cyber Unit as it continues its work in this critical and continually evolving area.”
Upon joining SEC back in 2010 as a staff attorney, Littman has held a number of senior attorney positions in the Market Abuse Unit as well as the Trial Unit. During his time in those positions, he has conducted significant enforcement investigations and litigations. Among the various achievements were:
She imposed insider trading charges on five registered representatives who had been charged with trading in advance of IBM Corp.’s acquisition of SPSS Inc.
Fraud charges against Linkbrokers Derivatives LLC together with five registered representatives in an $18 million undisclosed markup scheme.
Crypto Specialists on Demand
The SEC has recently been hiring crypto specialists in different positions to serve in various consulting roles. Just recently, the United States Federal Reserve hired a manager in Washington, D.C for its Retail Payments section. This was a move aimed at contributing to digital currency, stablecoins and ledger technology research.