The Securities and Exchange Commission (SEC) has established a new entity called the Interagency Securities Council (ISC) with its Division of Enforcement.
The ISC’s objective is to strengthen the bond between federal, state, and local agencies; enhance opportunities to collaborate on cases to protect investors; provide insight and guidance across the ecosystem to those who may not frequently operate in this space; and create a forum for unified efforts in combatting financial fraud.
“The Interagency Securities Council will help front line investigators stay abreast of emerging threats and fact patterns to protect their communities from securities fraud, while supporting the efforts of federal, state, and local law enforcement partners across the country,” Gurbir Grewal, chair of the ISC and Director of the SEC’s Division of Enforcement, said.
The ISC launched with representatives from more than 100 departments and agencies, including federal agencies, state offices of attorneys general and state police, and local police departments and sheriff’s offices. The council will meet quarterly to discuss the latest in scams, trends, frauds, and mitigation strategies.
“As financial frauds become more complex, investors benefit from the government – at all levels – working together and sharing information to protect and inform the public,” Cristina Martin Firvida, the SEC’s Investor Advocate, said.