SEC Unveils 3 Strategic Initiatives to Thwart Microcap Fraud
The U.S. Securities and Exchange Commission has introduced three new initiatives to enhance the ongoing efforts to bear-down on high-risk areas of the market and implement cutting-edge technology and analytical capacity to its investigations. "These initiatives build on the Division's unmatched record of achievement and signal our increasingly proactive approach to identifying fraud. By directing resources, skill, and experience to high-impact areas, we will increase the potential for uncovering financial statement and microcap fraud early and bring more cases aimed at deterring these types of unlawful activity," Andrew J. Ceresney, co-director of the Division of Enforcement, said in an SEC…