The Securities and Exchange Commission said Wednesday that it has brought 14 enforcement actions against 26 companies and individuals for Internet fraud.

Yesterday's actions involve cases where outrageous or baseless promises were made to investors. The SEC also accused several individuals of acting as unregistered broker-dealers.

This is the SEC's third nationwide crackdown on Internet shams. Previous sweeps filed in October and February dealt with the unlawful touting of publicly traded companies over the Web.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.