Katherine Reilly Named Acting SEC Inspector General Amid Crypto Scrutiny
Her appointment began on May 20, following the retirement of Deborah Jeffrey, who held the position for over two years.
Reilly is no stranger to the role. She previously served as Deputy Inspector General and Counsel and has twice stepped in as acting chief during leadership transitions. Her focus lies in oversight, audits, and investigationsnot policymakingespecially as financial markets evolve rapidly.
Digital asset scams remain a top concern under Reillys leadership. In her October 2024 performance report, she listed crypto fraud as one of the SECs four biggest challenges.
Citing FBI data, the report highlighted $3.96 billion in crypto scam losses for 2023. Retail investors, especially seniors, were the hardest hit.
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Digital assets now top the list of investor complaints received by the SECs Office of Investor Education and Advocacy. Roughly 18% of all reports last year involved crypto-related issues.
Reillys continued focus suggests investor protection in the digital asset space will remain central during her tenure.
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Text source: Coindoo
