U.S. Chamber Welcomes White House Executive Order to Establish Financial Fraud Enforcement Task Force

The U.S. Chamber today made the following comment regarding the president's executive order to establish a Financial Fraud Enforcement Task Force:

"The Chamber has vigorously supported aggressive enforcement practices to detect, punish, and deter fraud in our capital markets.

"Finding, prosecuting, and punishing fraud through tough and fair enforcement is the foundation of well-functioning markets.

"It is critical for the health and welfare of our markets that our regulatory agencies have strong and vigorous programs of enforcement that are capable of investigating and prosecuting fraud and maintaining investor and consumer confidence.

"We believe that increasing the effectiveness of enforcement in our capital markets will depend on having sufficient resources and having the right priorities, policies, and tools for effective and fair enforcement. More of the same will not suffice.

"The White House task force is a good way for the government to coordinate the strengthening of our markets.

"This is a good example of how we can work together constructively and better utilize existing taxpayer resources."

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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