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ARTICLE · 23 APRIL 2014

New Securities And Commodities Fraud Section Created By Chicago-Based US Attorney

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Zachary Fardon, the recently appointed US Attorney for the Northern District of Illinois, has announced the creation of a new Securities and Commodities Fraud Section in Chicago.

United StatesCriminal Law
Dana Douglas
Dana Douglas
Stanley J Parzen
Stanley J Parzen
Alexandra Newman
Alexandra Newman
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Zachary Fardon, the recently appointed US Attorney for the Northern District of Illinois, has announced the creation of a new Securities and Commodities Fraud Section in Chicago. The new Section will specialize in investigating and prosecuting crimes relating to the operation of the country's securities and commodities markets.

The Chicago-based Section will be the second of its kind in the country. Until now, the Manhattan-based US Attorney's Office for the Southern District of New York has been the only other office with a specialized Securities and Commodities Fraud Task Force within the US Department of Justice. The New York Task Force investigates all varieties of securities fraud, insider trading, market manipulation schemes, accounting and regulatory reporting frauds, and penny stock "pump and dump" schemes. It also works in close coordination with the Securities and Exchange Commission and the FBI to uncover these financial frauds.

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