Which JDK version are you running, exactly?
The cause of your stacktrace seems to be that your JVM is trying to load a certain library "loadLibrary.sunec", which you don't have permissions to do. We've enabled the same security policy as the cloud per default on 4.x installations to make it a little easier for users to deploy to the cloud later. The quickfix for now is to disable this behavior in your project preferences (uncheck "emulate cloud security"). However, should you wish to deploy to the cloud later on it would make sense to figure out the root cause.
From a quick google search I can gather that sunec seems to be an algorithm for crypto introduced in java 7, hence my initial question.
I am running the most recent version of JDK, so I believe that is 1.7.0 5