US watchdog sets up dedicated teams to target cybersecurity and investment products

The US Securities and Exchange Commission (SEC) announced yesterday two new initiatives aimed at building on its Enforcement Division's 'ongoing efforts' to address cyber-based threats and protect retail investors. The regulator will create a Cyber Unit that will focus on targeting cyber-related misconduct as well as a retail strategy task force that will implement initiatives that directly affect retail investors. The Retail Strategy Task Force will be responsible for developing 'proactive, ta