SEC Staff to Host Roundtable Protecting Retail Investors From Fraud

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SEC Staff to Host Roundtable Protecting Retail Investors From Fraud

Posted on September 19th, 2018 in Government Regulation by ICNN News

The Securities and Exchange Commission has announced that its Division of Trading and Markets will be looking into combating retail investor fraud, across a wide range of market participants, including regulators, broker-dealers and experts.

The commission staff will be hosting a roundtable discussion on Sept. 26th at the SEC's headquarters in Washington D.C starting at 9:30am ET, and is open to the public, with a webcast live on the SEC's website. Members of the public who wish to provide their views can submit public comments via the website.

Exactly what topics will be discussed has not been detailed as of yet, although we anticipate ICOs, Token scams and high yield investment programs (HYIPs) to be likely brought on the agenda. As protecting retail investors from the risks of these Ponzi like programs is always a concern for the retail investor, and in recent times especially last year has run rampant.

With the shutdown of Bitconnect in January of this year, and the SEC reporting that dozens of investigations on ICOs are currently underway. It looks like the market conditions of earlier in the year and especially in 2017 that caused the launch of an almost never-ending stream of ICOs, may now be running dry, as more rules and regulations are put in place.

If you have any comments to add for the roundtable, use the SECs comment form.