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The United States Securities and Exchange Commission (SEC) is establishing a Cross-Border Task Force to investigate fraudulent schemes based abroad, as announced by the agency on Friday.
SEC Unveils Significant Crypto Task Force
As per a press release dated September 5 from the federal regulator, the Cross-Border Task Force will concentrate on fraud and market manipulation perpetrated by entities outside the U.S., including “pump-and-dump” and “ramp-and-dump” schemes.
I’m happy to announce the creation of the Cross-Border Task Force. This new task force will unify SEC investigative initiatives and enable the SEC to utilize every available resource to tackle transnational fraud. https://t.co/loDtj1CClV
— Paul Atkins (@SECPaulSAtkins) September 5, 2025
The task force will also intensify its enforcement actions against “gatekeepers” who facilitate these organizations in gaining access to U.S. capital markets, particularly concerning underwriters and auditors.
Additionally, the Cross-Border Task Force will investigate how governmental oversight and other factors related to companies in foreign jurisdictions contribute to violations of securities laws.
“We welcome companies from around the globe seeking entry into the U.S. capital markets,” stated SEC Chairman Paul S. Atkins. “However, we will not accept bad actors—whether they are companies, intermediaries, gatekeepers, or exploitative traders—who attempt to exploit international borders to undermine U.S. investor protections.”
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“This new task force will unify SEC investigative initiatives and enable the SEC to utilize every available resource to tackle transnational fraud,” Atkins further remarked.
SEC and CFTC Collaborate for Joint Roundtable
The announcement of the SEC’s new task force coincides with the federal regulator’s declaration of a joint roundtable with the Commodity Futures Trading Commission (CFTC) scheduled for the end of September.
The two agencies are set to conduct the joint roundtable on September 29 to discuss “regulatory harmonization priorities.”
“It is a new era at the SEC and the CFTC, and today we embark on a long-awaited journey to provide markets the clarity they deserve,” SEC Chairman Atkins and CFTC Acting Chairman Caroline D. Pham stated in a joint announcement.
“By collaborating closely, our two agencies can leverage our nation’s distinctive regulatory framework into a source of strength for market participants, investors, and all Americans,” they added.
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