The US Securities and Change Fee (SEC) has named Kristina Littman as the brand new Chief of the Division of Enforcement’s Cyber Unit, which protects traders from cyber-related misconduct. Earlier to the brand new appointment, Littman served as a senior advisor to SEC Chairmain Jay Clayton since August 2017.
The announcement of Littman’s appointment was made on December 2nd, 2019, on the SEC’s official web site. Jay Clayton commented that “Kristy’s revolutionary pondering and intensive expertise throughout the Fee have made her a useful advisor and, most significantly, a tireless defender of America’s traders.”
“She shall be a superb chief for the Cyber Unit because it continues its work on this important and frequently evolving space.”
Kristy Littman, the brand new Chief of the SEC’s Division of Enforcement’s Cyber Unit.
The announcement additionally mentioned Littmans’ tenure on the SEC started in 2010, when she joined the SEC’s Division of Enforcement as a employees legal professional within the Fee’s Philadelphia workplace.
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Littman beforehand held senior legal professional positions within the Market Abuse Unit and the Trial Unit, labored in white-collar and securities legislation
Between 2010 and 2017, she held senior legal professional positions within the Market Abuse Unit and the Trial Unit, the place she led “important enforcement investigations and litigations”, together with prices in opposition to Linkbrokers Derivates LLC and 5 registered representatives in an $18 million undisclosed markup scheme, in addition to main “insider buying and selling prices in opposition to 5 registered representatives, charged with buying and selling upfront of IBM Corp.’s acquisition of SPSS Inc,” amongst different circumstances.
In keeping with Littman’s LinkedIn account, she practiced legislation within the higher Philadelphia space previous to her first place on the SEC. She specialised in white-collar and securities litigation.
As for Ms. Littman herself, she mentioned that “I’m honored to have the chance to function Chief of the Cyber Unit. I’m thrilled to work with the gifted men and women who’ve led the SEC’s efforts to pursue cyber-related misconduct.”
SEC and Federal Reserve search crypto-related hires
Earlier this yr, the SEC introduced that it was searching for to rent its first-ever employees member devoted particularly to offering the Fee with experience on cryptocurrencies. “The Crypto Specialist supplies experience and coordinates TM actions concerning crypto and digital asset securities,” the announcement of the job opening defined, including that the place would pay $239,000 per yr.
The US Federal Reserve introduced the opening of an analogous place final month. The US central financial institution mentioned in November that it was searching for a supervisor who was anticipated to contribute to the analysis of distributed ledger expertise and digital currencies, together with stablecoins.