A task force formed last year to police for accounting fraud has launched a series of new investigations, the top U.S. securities regulator will tell lawmakers on Tuesday.
"A number of new investigations and inquiries are under way, including matters focused on both traditional and emerging financial fraud issues," said Securities and Exchange Commission Chair Mary Jo White in prepared congressional testimony before the U.S. House Financial Services Committee.
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White did not elaborate on what the SEC has been finding, or what defines "emerging financial fraud."
But throughout her tenure so far, the former federal prosecutor has been working to refocus the SEC Enforcement Division's back onto accounting issues—an area that has featured less prominently on the SEC's docket of cases over the past few years as regulators turned their attention to insider-trading by hedge funds and financial crisis-era frauds.