The Securities and Exchange Commission (SEC) wants to intensify law enforcement against stock market fraudsters and enhance the supervision of listed companies to help restore investor confidence.
The SEC said a large number of fraud cases had caused stock investors to lose confidence.
Among the offences occurring frequently are insider trading and the manipulation of stock prices.
To protect investors, stricter law enforcement under the Securities and Exchange Act is part of the regulator’s mission to reassure the public that all parties in the capital market are treated with fairness, the SEC said in a statement.
“Directors or executives of listed companies or businesses in the capital market who commit crimes, carry out unfair trading or fraudulent acts will face strict law enforcement, as such crimes usually affect a wide group of investors,” said…
