Tanya G Beard

Tanya Beard, of the SEC’s FCPA unit, is based in Salt Lake City, Utah. She has been on the agency’s payroll since 2005, according to public records.

Before joining the SEC, Beard worked as a deputy district attorney for Salt Lake County in Utah and as an associate at the law offices of Holland & Hart. She graduated from the SJ Quinney College of Law at the University of Utah, and clerked at the US Court of Appeals for the Tenth Circuit and the US District Court for Utah.

In 2013, the SEC charged a father and son in Lexington, South Carolina, with operating a fraudulent investment programme designed to profit from deaths of the terminally ill. Benjamin S Staples and his son, Benjamin O Staples, recruited terminally ill individuals into their programme by offering to pay for their funeral expenses if they relinquished their ownership rights or any assets in jointly purchased bonds, the SEC alleged. Beard was one of the SEC lawyers that helped investigate the case.

Beard was also involved in an investigation into securities fraud by an individual named Ivan Wade Brown. In 2012, the SEC filed for civil injunction against Brown, alleging that he raised over US$27 million from at least 93 investors through the sale of unregistered promissory notes in two companies.

Beard has been part of the SEC’s microcap fraud working group, which was created to regulate the over-the-counter securities market. The microcap market, as it is also known, is comprises ed of companies with small amounts of assets and low stock prices, and participating companies do not undergo a formal application process required from businesses on other major exchanges. In 2012, the working group was involved in an SEC action suspending 379 dormant companies from trading on the microcap market. The SEC said the dormant companies could be hijacked by fraudsters and used as shell companies in illegal reverse mergers or pump-and-dump schemes.

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