On September 5, 2025, the U.S. Securities and Exchange Commission (“SEC”) announced the formation of a Cross-Border Task Force (the “Task Force”) aimed at identifying and combating cross-border fraud that threatens U.S. investors. In particular, the task force will investigate securities law violations involving foreign issuers and market gatekeepers—auditors and underwriters—who facilitate foreign companies’ access to U.S. capital markets.
Source: SEC Intensifies Focus on Cross-Border Fraud with New Enforcement Task Force