On July 2, 2013, the SEC announced three new initiatives that will concentrate its most sophisticated technological and analytical resources on high-risk areas of the market. These initiatives are based in the Division of Enforcement and involve the creation of the following: (i) the Financial Reporting and Audit Task Force, which will concentrate on detecting fraudulent or improper financial reporting relating to the preparation of financial statements, issuer reporting and disclosure, and audit failures; (ii) the Microcap Fraud Task Force, which will investigate abusive trading and fraudulent conduct in the microcap company securities area, especially by targeting “gatekeepers,” such as attorneys, auditors, broker-dealers, and transfer agents; and (iii) the Center for Risk and Quantitative Analytics, which will serve as both an analytical hub and source of information about characteristics and patterns indicative of possible fraud or other illegal misconduct. The SEC’s release can be found here.