The Securities and Exchange Commission today announced that Robert A. Cohen, Chief of the Division of Enforcement’s Cyber Unit, will be leaving the agency in August after 15 years of service.
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
The Cyber Unit has been a great success under Rob’s strategic leadership,” said Steven Peikin, Co-Director of the SEC’s Division of Enforcement. “Soon after its creation, the Cyber Unit immediately began filing impactful cases that protect investors and demonstrate the SEC’s ability to respond nimbly to new and difficult challenges.”
Commenting on his departure, Mr. Cohen said:
“It has been a privilege working with great colleagues at the SEC, whom I cannot thank enough for their commitment, perseverance, and friendship. I am proud of our work together, which has had a strong and positive impact for investors.”
“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.
During his time leading the unit, Cohen supervised a number of investigations, including a lawsuit against the startup Kik for running an unregistered $100 million token offering, as well as charging DJ Khaled and the boxer Floyd Mayweather Jr. for unlawfully advertising an initial coin offering.
The division was initially created to target market manipulation schemes and cyber-related threats to trading platforms, but then its role was evolved to investigate violations involving cryptocurrencies and other digital assets.