SEC Launches New Task Force to Combat International Pump-and-Dump Schemes

The U.S. Securities and Exchange Commission (SEC) has established a new Cross-Border Task Force to combat fraudulent pump-and-dump schemes involving foreign companies operating in the U.S. market. This initiative aims to protect U.S. investors by focusing on both digital assets and traditional securities, with leaders including Chairman Paul S. Atkins and Enforcement Director Margaret Ryan at the helm.