SEC Establishes Retail Fraud Working Group

The SEC has announced that it has created a new Retail Fraud Working Group in an effort “to strengthen the Division of Enforcement’s efforts to identify and combat fraud targeting everyday investors.” Specifically, the new group “will leverage staff and resources across the Commission to identify fraud and other misconduct targeting retail investors, including offering frauds, pump-and-dump schemes, market manipulation, and breaches of duties to customers by investment advisers and broker dealers.”

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