SEC Plans Retail Investor Fraud Roundtable
The discussion will focus on steps that can be taken to enhance ability of regulators and BDs to combat retail investor fraud.
The Securities and Exchange Commission’s Division of Trading and Markets plans to hold a roundtable on Sept. 26 to discuss steps that can be taken to enhance the ability of regulators, broker-dealers and others to combat retail investor fraud.
The roundtable will be held at SEC headquarters in Washington. The commission said it wants to hear views from a broad range of market participants.
Comments may also be submitted to the agency electronically or on paper. Information that is submitted will become part of the public record of the roundtable and posted on the commission’s website.
Combating retail investor fraud has been a priority for SEC Chairman Jay Clayton, who has promised to rein in bad actors in the advisory space through the agency’s newly created Retail Strategy Task Force.
The agency also plans to hold Thursday in Baltimore an investor roundtable to discuss its recently proposed advice standards package. Commissioners Kara Stein and Robert Jackson are expected to join Clayton and senior SEC staff at the event.