2018 has been a hallmark year for the U.S. Securities and Exchange Commission (SEC)’s enforcement against cryptocurrency companies/articles/secs-end-fiscal-year-report-reveals-heavy-action-against-ico-related-fraud/, and, according to one director, international collaboration with other regulatory agencies has played a supporting role in the SEC’s recent regulatory actions.Steven Peikin, co-director of the Division of Enforcement at the SEC, has credited international collaboration as a useful weapon in the agency's arsenal for bringing fraudulent or unregistered actors to justice. Peikin made this opinion known at a speech he delivered at the Harvard Law School’s Program on International Financial Systems (PIFS) for Regulators of Securities Markets on December 3, 2018.Peikin leads a team of attorneys and accountants who investigate and prosecute civil violations of U.S. federal securities laws. According to him, his division has the "daunting task of ferreting out misconduct and, where appropriate, recommending civil enforcement actions that variously seek injunctions or cease-and-desist orders, penalties, disgorgement of ill-gotten gains, suspensions and bars of bad actors, and the temporary suspension or delisting of securities." They have been involved in cases like the recent settlement of charges against music producer DJ Khaled and Floyd Mayweather Jr., who were both charged for touting crypto of...
