SEC Launches Task Force to Investigate Foreign Companies' Fraud

The SEC, a government agency that makes sure companies follow the rules, is creating a special team to catch foreign companies that might be cheating investors.

This team will look into companies from places like China, where it can be harder to make sure everyone is playing fair.

They will check not only the companies but also the people who help them, like auditors.

The SEC wants to make sure that anyone who wants to sell stocks in the U.S. plays by the rules.

The agency is worried about schemes where foreign companies try to trick people into buying stocks, causing wild price swings.

The SEC is also working on new rules to help protect investors.