SEC Establishes Fraud Task Force

The SEC has announced that it has established a cross-border task force whose objective is to “strengthen and enhance the Division of Enforcement’s efforts to identify and combat cross-border fraud harming U.S. investors.” In the words of SEC Chairman Paul Atkins, the task force “will consolidate SEC investigative efforts and allow the SEC to use every available tool to combat transnational fraud.”

For more information, see the press release on the SEC’s Web site.