Compliance Newsflash –August 21, 2019

August 21, 2019

Insurgent Chris Flint wins contested Finra election for big-firm board seat

On August 19, 2019, InvestmentNews reported that In a contested election for a large-firm seat on the board of the Financial Industry Regulatory Authority Inc., insurgent candidate Chris W. Flint has won over incumbent Andrew S. Duff, who was selected to run by the Finra board’s nominating committee.

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SEC Loses Its First Cyber Enforcement Chief

On August 20, 2019, ThinkAdvisor reported that the SEC is losing its first policeman in charge of the Enforcement Division’s Cyber Unit. The unit focuses on violations involving digital assets and cryptocurrencies as well as the disclosures and procedures of public companies and financial institutions related to cybersecurity. Robert A. Cohen, who has worked in the SEC’s Division of Enforcement for 15 years and has headed up its cyber unit since 2017, is joining Davis Polk & Wardell, where he will serve on the firm’s White Collar Criminal Defense and Government Investigations Group, representing companies and boards in regulatory matters and internal investigations.

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