🚨 SEC Forms International Task Force to Combat Cross-Border Market Manipulation

🏛 The U.S. SEC has launched the Cross-Border Task Force to strengthen enforcement against:

✅ Pump-and-dump schemes

✅ Foreign-based market manipulation

✅ Bad actors using international borders to evade U.S. laws

🔑 Key Focus Areas:

🔹 Investigating companies operating from jurisdictions with weak investor protections (e.g., China)

🔹 Scrutinizing auditors, underwriters, and gatekeepers granting access to U.S. markets

🔹 Coordinating resources to protect investors and enforce securities laws globally

🗣 SEC Chairman Paul S. Atkins stated:

“We welcome global participation in U.S. markets, but we will not tolerate those who exploit international borders to avoid investor protections.”

🗣 Margaret A. Ryan, Director of Enforcement, added:

“This initiative strengthens our ability to protect American investors from schemes exploiting global financial systems.”

📢 This move also ties into the SEC’s broader crypto initiative, aiming for stronger investor safeguards in digital assets.

#SEC #Regulation #CapitalMarkets #Crypto #InvestorProtection

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