SEC Moves Against Market Abuse With New Cross-Border Fraud Unit

TLDR: The SEC announced a new Cross-Border Task Force to investigate fraud tied to foreign-based companies harming U.S. investors. The task force will target pump-and-dump schemes and manipulation tied to overseas entities entering U.S. capital markets. Enforcement will also extend to auditors and underwriters acting as gatekeepers for foreign companies seeking U.S. listings. SEC Chairman [...]

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