ARTICLE
13 February 2020

SEC Warns Investors Of Coronavirus-Related Scams

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
Additionally, the OIEA asked that market participants submit any information regarding suspected securities fraud or wrongdoing to the SEC's website.
United States Corporate/Commercial Law

The SEC Office of Investor Education and Advocacy ("OIEA") warned investors of the potential for fraudulent promotions by companies claiming their products or services help to stop the coronavirus outbreak.

In an SEC Investor Alert and Bulletin, the OIEA urged investors to beware of claims purporting to stop the coronavirus outbreak that involve microcap stocks and pump-and-dump schemes, as investments in fraudulent companies could result in significant monetary loss.

Additionally, the OIEA asked that market participants submit any information regarding suspected securities fraud or wrongdoing to the SEC's website.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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