The U.S. Securities and Exchange Commission announced it is closely monitoring the impact of the California wildfires on investors and capital markets and will assess whether to grant relief from filing deadlines and other regulatory requirements for affected entities and investment professionals. Monitoring will be coordinated across SEC divisions and offices that oversee public companies and accountants, investment advisers and mutual funds, broker-dealers, transfer agents, and other regulated market participants. The SEC also flagged heightened risks of wildfire-related investment fraud, pointing investors to Investor.gov for background checks, and stated that the Division of Enforcement will pursue attempts to defraud wildfire victims while encouraging reporting of suspicious solicitations through SEC complaint channels.
U.S. Securities & Exchange Commission 2025-01-15
U.S. Securities and Exchange Commission monitors California wildfire impacts and considers regulatory filing relief
The U.S. Securities and Exchange Commission (SEC) is monitoring the impact of the California wildfires on investors and capital markets, considering relief from filing deadlines and regulatory requirements for affected entities. Coordination will occur across SEC divisions overseeing various market participants. The SEC also warned of increased wildfire-related investment fraud risks and urged vigilance and reporting of suspicious activities.