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