The SEC announced the establishment of an international fraud working group to combat stock price manipulation
ChainCatcher news, according to Crypto News, the U.S. Securities and Exchange Commission (SEC) has announced the establishment of a Cross-Border Task Force aimed at investigating foreign fraud schemes, including market manipulation behaviors such as "pump and dump" and "push and sell."The task force will also strengthen enforcement against "gatekeepers" (such as underwriters and auditors) that assist these organizations in entering the U.S. capital markets. Additionally, the task force will examine the role of foreign government control and other factors in violations of securities laws.SEC Chairman Paul S. Atkins stated that while global companies are welcome to enter the U.S. capital markets, there will be no tolerance for exploiting international borders to evade protections for U.S. investors.
