SEC Chief Who Pursued Actions Against ICOs, Kik to Resign

The Securities and Exchange Commision’s (SEC) chief of the Cyber Unit will step down in August, according to a statement.

Robert A. Cohen will abdicate his role as executive enforcer for the cyber division founded in 2017, after 15 years of SEC service.

“I’m grateful to Rob for his thoughtfulness, expertise and leadership in taking on the creation of the Cyber Unit,” said Chairman Jay Clayton. “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.

The cyber unit’s mandate includes policing financial violations involving digital assets, cyber crimes including hacking and information theft, and the disclosures regarding cybersecurity by public companies.

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