SEC Chair Jay Clayton asked SEC staff to examine whether the current regulatory framework effectively prevents fraudulent activity.
During the roundtable event on combating retail investor fraud, Mr. Clayton asked whether (i) the SEC should consider specific rule changes that would help deter fraudulent practices, (ii) there are ways that the SEC can help improve the ability of broker-dealers and other industry participants to identify and address retail fraud and (iii) there are steps that the SEC can take to help investors protect themselves.
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