SEC nearly doubles crypto unit staff to crack down on abuses in the booming market

The Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets.

The SEC said that the 20 additions will include investigative staff attorneys, trial lawyers and fraud analysts.The Securities and Exchange Commission announced Tuesday that it will almost double its staff responsible for protecting investors in cryptocurrency markets. Wall Street's top law enforcer said that the 20 additions will include investigative staff attorneys, trial lawyers and fraud analysts. Both SEC Chairand Enforcement Director Gurbir Grewal applauded the hires as overdue and key to regulating one of Wall Street's newest and most popular industries.

Grewal added that individual retail investors tend to comprise the bulk of victims of crypto-related securities fraud. Cyber threats continue to pose "existential" risks to the U.S. financial system, he added.

so, its 2 interns now, is it ?

So do you not look at the stock market anymore lol 😆

I still can't believe that real account manager exist I am so happy trading with kyelsena0 i never took her serious because I taught she was a scam like others ,until my first withdrawal of $10,500 within just one week of trading! I am so grateful to her and i can't keep this

Regulatory response is often slow but inevitable

But they can't release the right paperwork when it comes to the first part of April's shortings report? Or see that there are more shares of AMC registered with them directly than are offered by the AMC and do something about it.

GaryGensler doesn’t have the resources to look at darkpoolabuse but we have a team for crypto? The priority is obvious again “make sure the apple cart stays just the way it is. SECGov mission is to protect the financial industry. Kinda like AMC

Likely they mean 'abuses' as 'Not paying your taxes peasants!“ Does anyone really think they'll go after the already rich? Of course not... Just more people to enforce the' Stay poor, pay every tax we tell you to'

he is just handsome, i love his lectures

'the SEC’s broader Enforcement division, will increase its head count by 20' yes that should be enough 🤡

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