Tejal Shah, Cooley partner and former associate director of the Securities and Exchange Commission’s (SEC) Division of Enforcement in New York, was quoted in a Law.com article on the SEC’s intensified enforcement against foreign private issuers. The agency recently suspended trade for nine Asia-based companies, alleging the use of social media to artificially inflate stock prices. Shah emphasized the significance of these suspensions taking place during the government shutdown, noting that the SEC is currently operating with minimal staff. She also linked the crackdown to the agency’s review of the foreign private issuer definition, which may be revised to reflect the current profile of foreign issuers.

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