On July 2nd, the SEC announced three new enforcement initiatives: the Financial Reporting and Audit Task Force, which will be dedicated to detecting fraudulent or improper financial reporting; the Microcap Fraud Task Force, which will target abusive trading and fraudulent conduct in securities issued by microcap companies; and the Center for Risk and Quantitative Analytics, which will use quantitative data and analysis to profile high-risk behaviors and transactions to detect misconduct. SEC Press Release.