SEC Launches Task Force to Tackle Cross-Border Securities Fraud

The U.S. Securities and Exchange Commission (SEC) has announced the formation of a specialized task force dedicated to combating fraudulent activity within cross-border securities trading affecting American investors. This new initiative, as reported by Blockbeats, will primarily focus on investigating potential violations of U.S. federal securities laws by foreign companies. These investigations may include scrutiny of market manipulation practices like ‘pump and dump’ schemes. 🕵️‍♂️