The U.S. Securities and Exchange Commission (SEC) has formed two enforcement task forces aimed at rooting out improper accounting and fraud at small companies, the agency said.
The SEC's enforcement division also created a Center for Risk and Quantitative Analytics to identify risks and threats that could harm investors, the agency said in a statement today.
"By directing resources, skill, and experience to high-impact areas, we will increase the potential for uncovering financial-statement and microcap fraud early and bring more cases aimed at deterring these types of unlawful activity," co-director of enforcement Andrew Ceresney said in the statement.
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