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Trump Creates Task Force to Police Elder, Cyber Frauds


The Trump administration task force will build on the task force set up “in the wake of the financial crisis” under the Obama administration, “which is now a decade passed and [which] focused on specific financial crimes and frauds.” – Acting Associate Attorney General Jesse Panuccio


The task force “is a broader effort looking at other areas of consumer fraud and market integrity, such as elder fraud and the growing problem of cybercrime.” – Panuccio


Cyber threats “present some of the greatest risks confronting today’s financial markets,” with bad actors using “new technology to perpetrate old frauds, including securities offering frauds.” – SEC Chairman Jay Clayton


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