SEC and 100 agencies form committee to crack down on securities fraud

The Securities Exchange Commission (SEC) established the Interagency Securities Commission (ISC) to enhance coordination among federal, state, and local securities fraud agencies. The ISC aims to improve fraud prevention, share insights on emerging threats, and develop a unified approach to combating financial fraud. Quarterly meetings will address trends, scams, and mitigation strategies. Gurbir S. Grewal, ISC Chair and SEC Enforcement Division Director, and Cristina Martin Firvida, SEC Investor Advocate, emphasized the benefits of multi-level collaboration. The ISC includes more than 100 agencies and provides a platform for experts and law enforcement to share information and innovative approaches.