SEC Launches Task Force on Securities Fraud by Foreign Companies

(Bloomberg) – The US Securities and Stock Exchange Commission is establishing a new unit to focus on the securities fraud of foreign companies, one of the first signals of the regulator’s execution priorities under the Trump administration.

On Friday, the new group, called cross -border duty forces, said that “government control and other factors will investigate companies from foreign judicial regions such as China, where China, where unique investor risks are risks. In addition, companies will also look at unit auditors and insurers.

“We are glad to welcome companies that want access to US capital markets,” SEC President Paul Atkins said in a statement. He said. “However, companies, intermediaries, expectators or exploitative merchants trying to use international boundaries to disappoint and prevent US investor protections – we will not tolerate bad actors.”

The SEC pointed out the risk of targeting foreign companies with US investors with pump and casting schemes and excessive market movements leading to ramps and ramps and castings.

In August, Atkins touched Margaret “Meg” Ryan, a military judge to lead the execution division of the SEC.

The Second Announcement comes in Nasdaq Inc.’s heels. On September 3, the list of listing rules to try to prevent wild market release, including Chinese companies listed on the stock exchange. The stock market also wants to accelerate the process of suspending and listing companies.

Atkins said other parts of SEC directing US investors, including the new explanation guidance, to find ways to protect. In June, the agency also requested an early feedback about the public that the public would reconsider and reconsider the existing rules related to foreign private exporters who allow certain breaks on US statements and reporting requirements.

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