The SEC’s Enforcement Division recently announced the following three new initiatives:
- The Financial Reporting and Audit Task Force, which will focus on identifying securities-law violations relating to the preparation of financial statements, issuer reporting and disclosure, and audit failures;
- The Microcap Fraud Task Force, which will focus on fraud in the issuance, marketing, and trading of microcap securities; and
- The Center for Risk and Quantitative Analytics, which will focus on identifying risks and threats that could harm investors, and assist staff nationwide in conducting risk-based investigations and developing methods of monitoring for signs of possible wrongdoing.