The Securities and Exchange Commission (SEC) announced two initiatives in later September that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. They created a Cyber Unit that will focus on targeting cyber-related misconduct and they established of a retail strategy task force.
In the March 2017 issue of MODERN TRADER, we focused on cybersecurity and declared “Cybersecurity as the sector to own in 2017.”
It was a good call. Contributor Timothy Summers highlighted several stocks in the sector traders should tap: Symantec (SYMC) is up more than 15% from Feb. 1, 2017 when the issue came out. Imperva (IMPV) was up around 25% through July before retracing some of its gains. More importantly, it signaled the greater emphasis regulators will place on cybersecurity, which may mean that it is a smart investment through 2018 as well.