SEC Among Participant Agencies in Market Integrity, Anti-Fraud Task Force

Under a recent executive order, the U.S. attorney general established a Task Force on Market Integrity and Consumer Fraud comprising the FBI and other federal agencies, including the SEC. Deputy Attorney General Rod J. Rosenstein delivered remarks announcing the establishment of the Task Force and noted that fraud committed by companies and their employees has a devastating impact on American citizens in the financial markets, the health care sector, and elsewhere. Rosenstein said the Task Force will focus on cases involving fraud against the government, the financial markets, and consumers; procurement and grant fraud; securities and commodities fraud; digital currency fraud; money laundering; health care fraud; tax fraud; and other financial crimes. SEC Chairman Jay Clayton in a speech provided examples of the SEC’s own efforts to combat fraud and said: “[O]ur efforts to protect retail investors are often most effective and successful when we work collaboratively and in parallel with our law enforcement partners and fellow regulators. The SEC is proud to support this Task Force, and I again commend the President and the Attorney General for their leadership in this important effort.”