SEC sets probes to prevent securities manipulation (Reuters)
The financial regulator said the examinations would be conducted by the SEC's Office of Compliance Inspections and Examinations, as well as the Financial Industry Regulatory Authority and New York Stock Exchange Regulation Inc.
Examiners will focus upon controls broker-dealers and advisers are supposed to be in possession of in place to prevent market manipulation and consider at whether they are reasonably designed to prevent intentional cosmos or spreading of false information intended to affect securities prices, it said.
It said that the investigations are in adding to SEC enforcement investigations into alleged intended manipulation of securities prices already under way.
The examinations "are aimed at ensuring that investors extend to prevail upon reliable, accurate information about public companies in the marketplace," SEC Chairman Christopher Cox said in an SEC statement.
(Reporting by means of Sinead Carew, editing by Martin Golan)
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