Top La Puente, CA Securities Fraud Lawyers Near You
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555 South Flower Street, Suite 2700, Los Angeles, CA 90071
17768 Wika Rd, Suite 201, Apple Valley, CA 92307
1999 Avenue of teh Stars, Los Angeles, CA 90067
1 World Trade Center, Suite 2575, Long Beach, CA 90831
633 West 5th Street, Suite 4900, Los Angeles, CA 90071-2005
11845 West Olympic Blvd Suite 1000, 10th Floor - West Tower, Los Angeles, CA 90064
801 N. Brand Blvd., Suite 1130, Glendale, CA 91203
11845 W Olympic Boulevard, Suite 1000, Los Angeles, CA 90064
333 City Blvd W, 17th Floor, Orange, CA 92868
5199 East Pacific Coast Hwy, Suite 300 N, Long Beach, CA 90804
1055 East Colorado Blvd, 5th Floor, Pasadena, CA 91101
601 South Figueroa Street, Suite 3700, Los Angeles, CA 90017
17011 Beach Blvd., Suite 900, Huntington Beach, CA 92647
1925 Century Park East, Suite 1900, Los Angeles, CA 90067
1888 Century Park East, Suite 1500, Los Angeles, CA 90067
2029 Century Park East, Suite 1400, Los Angeles, CA 90067
714 W Olympic Blvd, Los Angeles, CA 90015
333 South Grand Avenue, 38th Floor, Los Angeles, CA 90071
29995 Technology Drive, Suite 204, Murrieta, CA 92563
300 South Grand Avenue, 22nd Floor, Los Angeles, CA 90071
535 N Brand Blvd, Suite 701, Glendale, CA 91203
865 S. Figueroa St., Suite 3100, Los Angeles, CA 90017
555 S Flower St, Fl 43, Los Angeles, CA 90071
1410 Second Street, Suite 302, Santa Monica, CA 90404
1840 Century Park East, Suite 1900, Los Angeles, CA 90067
La Puente Securities Fraud Information
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What Does the Law Say About Securities Fraud?
Securities fraud involves fraudulent misrepresentations in buying, selling, trading stock or other financial commodities. Securities fraud can also involve stock price manipulation to artificially inflate or deflate stock values. Securities fraud is a type of “white-collar crime,” which is a financially motivated, nonviolent crime.
Is Securities Fraud a Federal Crime?
Securities fraud is a federal offense, like mail fraud or wire fraud. Under securities law in the U.S. Code, it is a violation of the Securities Exchange Act to defraud any person in connection with any commodity. It is also a crime to execute a scheme to obtain money or property in connection with any stock commodity through misrepresentation, false pretenses, or fraudulent promises.
Securities fraud may also be a violation of California state law. Many states have a law that mirrors the federal criminal statute. State agencies or state law enforcement may prosecute fraudulent securities practices that occur within state lines.
What Are Common Types of Securities Fraud?
Fraudulent security schemes can take a variety of forms. Common examples of securities fraud include:
- Corporate fraud
- Insider trading
- Internet fraud
- Short selling schemes
- Ponzi schemes
- Pump and dump
Corporate fraud generally involves misrepresentations made by corporate directors and executives. This may include misrepresentations or cooking the books to artificially inflate the company’s stock value. Corporate shareholders can then profit from selling the overpriced stock or selling the overvalued company. The Enron corporate fraud case is a famous example of corporate-level fraud.
A Ponzi scheme is an investment scheme where earlier investors are paid out returns out of the money from new investors. As long as the share of investors continues to increase, other investors can receive consistent profits. However, as soon as the new influx of money starts to slow down or dry up, the scheme falls apart and individual investors find out their life savings are gone.
How Does Someone Find Out About Securities Fraud?
In some cases, a financial scheme can go on for years before anyone suspects any criminal activity. Federal government agencies may suspect fraud because of suspicious financial transactions, excessive trading, or irregular tax filings. However, many securities fraud cases are reported by whistleblowers. The Securities and Exchange Commission (SEC) has a whistleblower office for people to report possible fraud. Fraud may be reported by investors, employees, or even relatives who become aware of false securities claims.
Whistleblowers have an incentive to report insider trading or corporate fraud because the SEC provides monetary awards for individuals who report fraud that leads to SEC enforcement. Whistleblowers can receive up to 30% of the enforcement money collected.
Can You Go to Jail for Securities Fraud?
You can go to jail for securities fraud. Federal fraud statutes provide long prison sentences for felony fraud. Under U.S. law, a conviction for securities fraud can result in fines and imprisonment for up to 25 years. Depending on the fraud involved, securities violations may include other fraud charges, including:
- Telemarketing fraud
- Wire fraud
- Bank fraud
- Mail fraud
- Identity theft
- Credit card fraud
- Check fraud
- Insurance fraud
There may also be civil penalties for fraud, which could result in fines, treble damages, and restitution for the victims of investment fraud.
How Can an Experienced Securities Lawyer Help?
If your business or investment activities are being investigated by a government agency, you may be under investigation for securities fraud. Securities fraud attorneys may be able to represent you during an investigation to make sure your legal rights are represented. If you are facing legal action, criminal defense lawyers can represent you in court.
Investment fraud lawyers can use the discovery process to review all the evidence in your case, talk to witnesses, and gather relevant records to build a strong legal defense. An investment fraud attorney may also be able to negotiate a plea agreement for the best possible outcome. A successful plea deal can have charges reduced, charges dropped, or reduce the criminal sentencing.