On September 5, 2025, the SEC announced the formation of a task force designed to strengthen and enhance the Division of Enforcement’s efforts to identify and combat cross-border fraud harming U.S. investors. The Task force will (1) focus on investigating potential U.S. federal securities law violations related to foreign-based companies; (2) focus enforcement efforts on gatekeepers that help these companies access the U.S. capital markets, particularly auditors and underwriters; and (3) examine potential securities law violations related to companies from foreign jurisdictions where governmental control and other factors pose investor risks.  

The SEC press release may be found here.