Stephanie Avakian began her career in the SEC’s New York Regional Office and returned in 2014 as Deputy Director of the Division of Enforcement, which she went on to lead as Acting Director, Co-Director and Director through 2020. In this interview, she covers her early experience in practice and at the SEC, as well as measures taken to protect retail investors and regulate cybercrime and digital assets. Avakian concludes by discussing enforcement setbacks, including the Lucia and Kokesh cases.