Inside the SEC’s New High-Stakes Hunt: How One Task Force Is Taking Down Cross-Border Fraudsters You Didn’t See Coming

Inside the SEC’s New High-Stakes Hunt: How One Task Force Is Taking Down Cross-Border Fraudsters You Didn’t See Coming

Ever wonder what happens when Wall Street’s watchdog decides to go global with its crackdown? Well, the SEC isn’t just twiddling its thumbs anymore—they’ve launched a Cross-Border Task Force that’s laser-focused on hunting down foreign fraudsters trying to game the US markets. We’re talking about those sneaky pump-and-dump schemes and the auditors and underwriters who let dodgy companies sneak through the cracks. It’s like setting up a financial border patrol to stop con artists from turning the global marketplace into their playground. Trust me, if you thought dodging regulators was easy, this new task force is about to make it a whole lot trickier. Ready to see how they’re reshaping the game? LEARN MORE.

The new unit will target foreign firms accused of pump-and-dump schemes and scrutinize auditors and underwriters enabling access to US markets.

SEC launches task force to crack down on cross-border fraud

Photo: Andrew Harrer

Key Takeaways

  • The SEC formed a Cross-Border Task Force to address fraud by foreign-based companies.
  • The unit will investigate schemes such as pump-and-dumps and examine auditors and underwriters.

Share this article

The US Securities and Exchange Commission today announced the creation of a cross-border task force aimed at combating fraud.

The unit will investigate foreign-based companies for securities violations, including pump-and-dump schemes, while scrutinizing auditors and underwriters that help them access US markets.

Chairman Paul Atkins said the SEC “will not tolerate bad actors” exploiting borders to evade oversight. Enforcement Director Margaret Ryan added the task force will pool resources to fight cross-border manipulation, with potential new disclosure rules under review.

Share this article

Post Comment

WIN $500 OF SHOPPING!

    This will close in 0 seconds