The Securities and Exchange Commission, Division of Enforcement, has issued a statement on the new Interagency Securities Council (ISC). This new entity aims to coordinate discussions on fraud and scams and share strategies to counter nefarious activities. The ISC is expected to meet quarterly.
The ISC reportedly launched with representatives from over 100 different departments and agencies.
Gurbir S. Grewal, Chair of the ISC and Director of the SEC’s Division of Enforcement, described the ISC as enabling front-line investigators to “stay abreast of emerging threats and fact patterns to protect their communities from securities fraud.”
The ISC is open to law enforcement and regulatory agencies. Members will hear from investigators conducting and supervising investigations and explore case study examples of agencies. The ISC is also expected to serve as an opportunity to connect and share information with the larger law enforcement community that less frequently deals with securities law violations.