The U.S. SEC and the U.S. DOJ’s Antitrust Division have signed an interagency Memorandum of Understanding (hereinafter “MoU”) to foster cooperation and communication between the agencies with the aim of enhancing competition in the securities industry.

Key provisions of the MoU facilitate both communication and cooperation between the agencies. In particular, the MoU establishes a framework for the SEC and the DOJ’s Antitrust Division to continue regular discussions and review law enforcement and regulatory matters affecting competition in the securities industry, including provisions to establish periodic meetings among the respective agencies’ officials. The MoU also provides for the exchange of information and expertise the agencies believe to be potentially relevant and useful to their oversight and enforcement responsibilities, as appropriate and consistent with applicable legal and confidentiality restrictions.

More information: https://www.sec.gov/news/press-release/2020-140