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

The U.S. Securities and Exchange Commission (SEC) has established a Cross-Border Task Force to tackle cross-border financial fraud in the cryptocurrency and securities markets. This initiative comes as pump-and-dump schemes involving international actors have risen significantly, exploiting loopholes in market regulation. By combining enforcement efforts across borders, the SEC aims to prevent investor harm from these tactics. The task force will focus on jurisdictions such as China where regulatory challenges exist, and will work with U.S. entities to identify and address manipulative activity.