The Securities and Exchange Commission (SEC) is set to fortify its efforts in battling stock market fraud and intensifying its monitoring of publicly traded firms, in a bid to re-establish investor trust. The Commission acknowledged the proliferation of fraud incidents has led to a considerable erosion of confidence among stock investors.
Regular offences include insider trading and stock price manipulation. The regulator’s mission to bolster public assurance centres around enforcing stricter laws under the Securities and Exchange Act, ensuring all participants in the capital market are dealt with equitably, as per the SEC’s statement.
The Commission issued a warning to potential fraudsters.
“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…
