SEC and Fordham University School of Law to Host Conference on Combating Community-Based Financial Fraud
The SEC and Fordham University are hosting a conference to combat community-based financial fraud, with no specific fraud case, charges, or monetary amounts reported, but urging investors to use Investor.gov to verify professionals and recognize red flags of affinity fraud.
The SEC and Fordham University are co-hosting a conference on November 1 to address community-based financial fraud that exploits race, ethnicity, religion, gender, or age-based affiliations. No specific fraud cases, defendants, dollar amounts, or legal charges are detailed; instead, the focus is on interagency collaboration among the SEC, DOJ, FBI, FINRA, NASAA, and New Jersey Bureau of Securities to improve detection and prevention strategies. Attendees are encouraged to visit Investor.gov to check investment professionals’ backgrounds and learn to identify common red flags of affinity fraud.
The Securities and Exchange Commission and Fordham University are jointly hosting a conference on November 1 to address the growing threat of community-based financial fraud, which targets victims based on shared racial, ethnic, religious, gender, or age-based associations. The event brings together regulators and law enforcement agencies—including the DOJ, FBI, FINRA, NASAA, and New Jersey Bureau of Securities—to share strategies for detecting, preventing, and combating these insidious schemes that exploit trust within close-knit communities. No specific fraud cases, individuals, financial losses, or legal charges are detailed in the announcement; the focus is entirely on education, awareness, and coordinated enforcement efforts. Notable speakers include SEC Chairman Jay Clayton, U.S. Attorney Geoffrey Berman, and CNBC’s Scott Cohn, who will highlight the devastating impact of affinity fraud on retail investors. The SEC’s Office of Investor Education and Advocacy and Retail Strategy Task Force are promoting resources such as the Investor Alert on community-based fraud and the Spotlight on affinity fraud. Investors are strongly encouraged to use Investor.gov to verify the credentials of investment professionals and recognize warning signs of fraud. The conference underscores the SEC’s commitment to protecting vulnerable populations by strengthening partnerships with community-serving institutions and law enforcement.
Extracted insights
- agency at 10:40 a.m. as sec chairman
- person conference participants
- person geoffrey berman
- person Jay Clayton
- person marc p. berger
- person scott cohn
- agency sec division of enforcement's retail strategy task force
- agency sec, doj, fbi, finra, nasaa, and new jersey bureau of securities
- agency sec new york regional office
- agency sec office of investor education and advocacy
- agency Securities and Exchange Commission
- SEC New York Regional Office will host conference on combating community-based financial fraud on November 1
- Fordham University School of Law will host conference on combating community-based financial fraud on November 1
- Conference will take place November 1 from 9 a.m. to 3:15 p.m. at Fordham University, 113 West 60th Street, 12th Floor, New York, NY 10023
- Jay Clayton will speak at 10:40 a.m. as SEC Chairman
- Scott Cohn will speak at 12:40 p.m. from CNBC's American Greed
- Geoffrey Berman will speak at 2:15 p.m. as U.S. Attorney for the Southern District of New York
- SEC is committed to educating investors about dangers of fraudulent schemes and protecting them from becoming victims
- Marc P. Berger is Director of the New York Regional Office
- Community-based financial frauds exploit bonds of trust and friendship
- SEC Office of Investor Education and Advocacy encourage investors to review Investor Alert on community-based financial fraud
- SEC Division of Enforcement's Retail Strategy Task Force encourage investors to review Investor Alert on community-based financial fraud
- Conference participants include SEC, DOJ, FBI, FINRA, NASAA, and New Jersey Bureau of Securities
The Securities and Exchange Commission’s New York Regional Office and Fordham University School of Law will host a conference on November 1 on combating community-based financial fraud. The conference will focus on fraudulent and manipulative schemes that target potential victims based on race, ethnicity, religion, gender, age, and other associations. Conference participants from the SEC, Department of Justice, Federal Bureau of Investigation, Financial Industry Regulatory Authority (FINRA), North American Securities Administrators Association (NASAA), and New Jersey Bureau of Securities will discuss effective strategies for detecting, preventing, and combating community-based financial fraud. The conference will take place November 1 from 9 a.m. to 3:15 p.m. at Fordham University, 113 West 60th Street, 12th Floor, New York, NY 10023. SEC Chairman Jay Clayton will speak at 10:40 a.m., Scott Cohn from CNBC’s “American Greed” will speak at 12:40 p.m.; and Geoffrey Berman, U.S. Attorney for the Southern District of New York, will speak at 2:15 p.m. Registration is available online. “Financial fraudsters who prey on their fellow community members are among the most insidious threats to the security of retail investors’ hard-earned money,” said Chairman Jay Clayton. “By partnering with communities and law enforcement agencies that serve those communities, the SEC is committed to educating investors about the dangers of these fraudulent schemes and protecting them from becoming victims.” “Frauds that target victims based on the associations to which they belong can be difficult to investigate, as victims are often reluctant to report wrongdoing by fellow community members or friends,” said Marc P. Berger, Director of the New York Regional Office. “These types of frauds—which exploit bonds of trust and friendship—are particularly devastating and can quickly lead to financial ruin.” The SEC’s Office of Investor Education and Advocacy and Division of Enforcement’s Retail Strategy Task Force encourage investors to review the Investor Alert on community-based financial fraud and the SEC’s Spotlight on affinity fraud. In addition, a great first step in protecting your money is to visit www.Investor.gov to check the background of an investment professional and to learn how to identify the red flags of investment fraud.
The Securities and Exchange Commission’s New York Regional Office and Fordham University School of Law will host a conference on November 1 on combating community-based financial fraud. The conference will focus on fraudulent and manipulative schemes that target potential victims based on race, ethnicity, religion, gender, age, and other associations. Conference participants from the SEC, Department of Justice, Federal Bureau of Investigation, Financial Industry Regulatory Authority (FINRA), North American Securities Administrators Association (NASAA), and New Jersey Bureau of Securities will discuss effective strategies for detecting, preventing, and combating community-based financial fraud. The conference will take place November 1 from 9 a.m. to 3:15 p.m. at Fordham University, 113 West 60th Street, 12th Floor, New York, NY 10023. SEC Chairman Jay Clayton will speak at 10:40 a.m., Scott Cohn from CNBC’s “American Greed” will speak at 12:40 p.m.; and Geoffrey Berman, U.S. Attorney for the Southern District of New York, will speak at 2:15 p.m. Registration is available online. “Financial fraudsters who prey on their fellow community members are among the most insidious threats to the security of retail investors’ hard-earned money,” said Chairman Jay Clayton. “By partnering with communities and law enforcement agencies that serve those communities, the SEC is committed to educating investors about the dangers of these fraudulent schemes and protecting them from becoming victims.” “Frauds that target victims based on the associations to which they belong can be difficult to investigate, as victims are often reluctant to report wrongdoing by fellow community members or friends,” said Marc P. Berger, Director of the New York Regional Office. “These types of frauds—which exploit bonds of trust and friendship—are particularly devastating and can quickly lead to financial ruin.” The SEC’s Office of Investor Education and Advocacy and Division of Enforcement’s Retail Strategy Task Force encourage investors to review the Investor Alert on community-based financial fraud and the SEC’s Spotlight on affinity fraud. In addition, a great first step in protecting your money is to visit www.Investor.gov to check the background of an investment professional and to learn how to identify the red flags of investment fraud.