At 5 pm EDT today, the SEC’s NY Regional Office is hosting a call to alert investors about COVID-19 investment scams.
As the anxious public yearns for vaccines, treatments, and protections from the virus, the SEC has warned of a “substantial potential for fraud relating to COVID-19. The SEC’s enforcement actions against 23 companies will grow as more fraud is uncovered.
Whistleblowers are critical to the SEC’s efforts to stop COVID-19 fraud. The SEC Office of the Whistleblower is authorized to pay monetary awards to whistleblowers whose information leads to an order of sanctions of $1 million or more.