On Tuesday, July 28, 2020, the SEC announced the formation of a new unit, the Event and Emerging Risks Examination Team, within the Office of Compliance Inspections and Examinations. The new team, comprised of specialized analysts, accountants, and examiners, is tasked with “proactively engag[ing]” financial firms about “current market events” and assisting SEC regional offices regarding cybersecurity issues, liquidity events, and market outages.
For more information, the SEC press release announcing the team’s formation can be found here.
About Faruqi & Faruqi, LLP
Faruqi & Faruqi, LLP focuses on complex civil litigation, including securities, antitrust, wage and hour and consumer class actions as well as shareholder derivative and merger and transactional litigation. The firm is headquartered in New York, and maintains offices in California, Georgia and Pennsylvania.
Since its founding in 1995, Faruqi & Faruqi, LLP has served as lead or co-lead counsel in numerous high-profile cases which ultimately provided significant recoveries to investors, direct purchasers, consumers and employees.
To schedule a free consultation with our attorneys and to learn more about your legal rights, call our offices today at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi
New York office
Tel: (212) 983-9330
Fax: (212) 983-9331