SEC appoints New Jersey Attorney General as director of enforcement

Crypto Signals – The United States Securities and Exchange Commission has appointed New Jersey Attorney General Gurbir S. Grewal as Director of the Division of Enforcement.

The appointment will be effective from July 26, with the SEC adding the veteran prosecutor to its ranks to play a key role in regulating financial markets in the U.S.

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Related: Rapper The Game facing $12M judgment along with execs in ICO case

The SEC has been ramping up prosecutions of Initial Coin Offerings it considers securities in recent times .

The lawsuit was initially filed by the SEC in December, alleging the firm engaged in unregistered securities offerings. The two parties have been locked in tense a battle throughout 2021.

SEC appoints New Jersey Attorney General as director of enforcement

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SEC appoints New Jersey Attorney General as director of enforcement