SEC Launches Cross-Border Task Force To Combat Fraud, Increasing Scrutiny on Foreign Issuers and Gatekeepers

On September 5, 2025, the SEC announced the formation of a new cross-border task force designed to strengthen enforcement efforts against fraud involving foreign-based companies accessing U.S. capital markets. Partners Anita Bandy, Andrew Lawrence and Andrew Good discuss how the task force will increase scrutiny of foreign private issuers and gatekeepers such as auditors and underwriters, particularly those facilitating access to U.S. markets from certain jurisdictions.