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ARTICLE · 31 OCTOBER 2011

SEC’s Microcap Fraud Working Group Roundtable Airs Problems, Offers Suggestions

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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On October 17, 2011, the Microcap Fraud Working Group (Working Group) hosted a public roundtable to discuss the regulatory issues involved in the execution, clearance, and settlement of microcap securities.

United StatesFinance and Banking
Megan Gates
Megan Gates
C. Ewell
C. Ewell
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On October 17, 2011, the Microcap Fraud Working Group (Working Group) hosted a public roundtable to discuss the regulatory issues involved in the execution, clearance, and settlement of microcap securities. The Working Group is a joint initiative of the Securities and Exchange Commission's Division of Enforcement and its Office of Compliance Inspections and Examinations, and is charged with the primary responsibility of detecting and deterring fraud involving microcap securities.

The roundtable was split into three panels: (1) Compliance Challenges Associated with Microcap Securities; (2) Anti-Money Laundering Monitoring; and (3) Potential Changes to the Regulatory Framework Concerning Securities.

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