The Securities and Exchange Commission has taken notice of developments in the cryptocurrency space. Last fall the SEC created a Cyber Unit to focus on targeting cyber-related misconduct. The Cyber Unit includes a focus on targeting violations involving distributed ledger technology and initial coin offerings. Jessica Magee, Associate Director of the SEC’s Fort Worth Regional Office, and David Hirsch, Enforcement Attorney with the Fort Worth Office join us to discuss the Cyber Unit and the SEC's recent activities in the cryptocurrency space.
Ms. Magee joined the SEC in 2010 serving as a litigation and enforcement attorney and now heads the SEC’s enforcement efforts in Texas, Oklahoma, Arkansas, and Kansas. She is a recipient of the SEC’s Ferdinand Pecora and Arthur F. Mathews Awards for her successful efforts enforcing the national securities laws. Before joining the SEC, Ms. Magee worked as a litigation associate for the law firm of Thompson & Knight in Dallas.
Mr. Hirsch joined the SEC's Fort Worth office in 2015 serving as an enforcement attorney. Prior to his service with the SEC Dave was a litigator with the law firm of McDermott, Will & Emery, leaving to co-found a private investigation firm focused on securities fraud investigations. With the SEC Mr. Hirsch serves as the Cyber Liaison for its Fort Worth office and a member of the SEC DLT Working Group and the Dark Web Working Group.