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Aguilar: SEC Must Extend Its Global Reach

Joe Mont | March 23, 2015

As financial markets grow more international in nature, is the Securities and Exchange Commission up to the task of cross-border enforcement? Commissioner Luis Aguilar says the SEC must do more to extend its global reach despite the many obstacles for doing so.

Technological advances have presented a greater ability to invest in securities markets around the world and “the protection of American investors will require that the SEC increase its efforts to communicate, coordinate, and cooperate with its international counterparts, something that is easier said than done,” Aguilar said during a speech at the University of Georgia.

Aguilar cited statistics that illustrate both the problem and ways the SEC is getting involved. Nearly 20 percent of its enforcement cases involve foreign persons and entities. To investigate and prosecute these caseseffectively, the SEC has...

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