The U.S. Securities and Exchange Commission has created a Retail Fraud Working Group to strengthen the Division of Enforcement’s efforts to identify and combat misconduct aimed at retail investors. The group is intended to concentrate staff and resources across the agency on fraud affecting everyday investors and to support more proactive enforcement case generation. Its remit covers offering frauds, pump-and-dump schemes, market manipulation, and breaches of duties to customers by investment advisers and broker-dealers. The working group will also coordinate with the SEC’s regulatory partners and foreign counterparts, and will take part in investor education outreach with the Office of Investor Education and Assistance. It will be led by Division of Enforcement Deputy Director Kate Zoladz and Asset Management Unit Assistant Director Kim Frederick.
U.S. Securities & Exchange Commission2026-07-07
U.S. Securities and Exchange Commission creates Retail Fraud Working Group to target fraud against everyday investors
The U.S. Securities and Exchange Commission has set up a Retail Fraud Working Group within the Division of Enforcement to intensify action against fraud targeting retail investors. The group will focus on proactive case generation across areas including offering frauds, pump-and-dump schemes, market manipulation, and adviser and broker-dealer misconduct. It will also coordinate with domestic and foreign counterparts and support investor education outreach.