SEC launches task force to crack down on cross-border fraud

The new unit will target foreign firms accused of pump-and-dump schemes and scrutinize auditors and underwriters enabling access to US markets.

The US Securities and Exchange Commission today announced the creation of a cross-border task force aimed at combating fraud.

The unit will investigate foreign-based companies for securities violations, including pump-and-dump schemes, while scrutinizing auditors and underwriters that help them access US markets.

Chairman Paul Atkins said the SEC “will not tolerate bad actors” exploiting borders to evade oversight. Enforcement Director Margaret Ryan added the task force will pool resources to fight cross-border manipulation, with potential new disclosure rules under review.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

SEC launches task force to crack down on cross-border fraud

The new unit will target foreign firms accused of pump-and-dump schemes and scrutinize auditors and underwriters enabling access to US markets.

by Estefano Gomez

Sep. 5, 2025

Add us on Google

Photo: Andrew Harrer

The US Securities and Exchange Commission today announced the creation of a cross-border task force aimed at combating fraud.

The unit will investigate foreign-based companies for securities violations, including pump-and-dump schemes, while scrutinizing auditors and underwriters that help them access US markets.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.