Overview

• Initial targets include pump-and-dump and ramp-and-dump schemes tied to foreign-based companies and offshore structures.
• Auditors and underwriters that enable risky listings will face heightened scrutiny as gatekeepers to U.S. markets.
• Officials cited jurisdictions such as China as posing unique investor risks due to limited transparency and government influence.
• The SEC directed Corporation Finance and Trading and Markets to recommend stronger disclosure guidance and potential rule changes.
• Enforcement Director Margaret A. Ryan said the unit will deploy the division’s full resources with expanded coordination through the Office of International Affairs.