The Interagency Securities Council is intended to help improve coordination among federal, state, and local agencies.
The Securities and Exchange Commission’s Division of Enforcement has launched the Interagency Securities Council (ISC) to better coordinate enforcement among federal, state, and local agencies, SEC officials say.
The ISC will involve representatives from “more than 100 departments and agencies, including federal agencies, state offices of attorneys general and state police, and local police departments and sheriff’s offices,” according to the SEC. The ISC will gather these law enforcement professionals together in quarterly meetings “to discuss the latest in scams, trends, frauds, and mitigation strategies,” according to the SEC.
“The ISC’s objective is to strengthen the cohesion between federal, state, and local agencies, enhance opportunities to collaborate on cases to protect investors, provide insight and guidance across the ecosystem to those who may not frequently operate in this space, and create a forum for unified efforts in combatting financial fraud,” according to the announcement.
“The Interagency Securities Council will help front-line investigators stay abreast of emerging threats and fact patterns to protect their communities from securities fraud while supporting the efforts of federal, state, and local law enforcement partners across the country,” says Gurbir S. Grewal, chair of the ISC and director of the SEC’s Division of Enforcement, in a prepared statement.
The ISC members will discuss with experts the issues of emerging threats, and “hear from investigators conducting and supervising investigations, and explore case study examples of agencies employing innovative approaches to combat financial fraud,” officials say.
“The ISC also serves as an opportunity to connect and share information with the larger law enforcement community that less frequently deals with securities law violations, such as police/sheriff departments and tribal- and military-community law enforcement,” the SEC adds.
Adam Anicich, the special advisor to the director and investor engagement manager for the SEC, and Manuel Vazquez, senior counsel for the SEC’s Enforcement Division, will lead this effort, officials say.
More information about this initiative is available by contacting the SEC via email: ISC@sec.gov.
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