Securities Fraud is a white collar crime. This serious charge happens when a company or individual, such as a stock broker, broker firm, bank or corporation sends out false information to sway investors to make decisions. When an individual who works independently engages insider trading, this is also called securities fraud. Misrepresenting can involve false information being provided, withholding information that is key to decision making, offering bad advice, or using inside information to act.
The Securities and Exchange Commission (SEC) and National Association of Securities Dealers (NASD) are responsible for investigation this white collar crime. Punishment for this crime can include both criminal and civil penalties, jail time and fines. Examples of common securities fraud can include accounting fraud, manipulating stock prices, or falsely filing SEC reports.
If your looking for a strong defense regarding Securities Fraud, call Kirk & Williams: Attorneys at Law today 432.687.5035 for a free consultation