SEC working groups formed to address fraud

09/12/2007 | Financial Times (free content)

The Securities and Exchange Commission has quietly formed four special "working groups" to step up enforcement and file fraud cases. The most recently formed group focuses on potential fraud stemming from subprime mortgages and joins groups that are addressing hedge funds and insider trading, stock options backdating, and municipal bond issuance. "The common theme is to maximize resources and share expertise," said Linda Chatman Thomsen, director of enforcement.

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