Top Point Pleasant Beach, NJ Securities Fraud Lawyers Near You
276 Main Street, Metuchen, NJ 08840
1827 East 2nd Street, Scotch Plains, NJ 07076
1379 Morris Avenue, Union, NJ 07083
309 Maple Street, Perth Amboy, NJ 08861
97 Lackawanna Avenue, Totowa, NJ 07512
22 Park Place, Morristown, NJ 07960
560 Main Street, Chatham, NJ 07928
500 Valley Road, Box 3097, Wayne, NJ 07474
365 W. Passaic Street, Suite 130, Rochelle Park, NJ 07662
379 Thronall Street, 8th Floor, PO Box 2940, Edison, NJ 08818
1 Lower Notch Rd, Little Falls, NJ 07424
570 Broad Street, Suite 1201, Newark, NJ 07102
24 Bergen St, Suite 200, Hackensack, NJ 07601
100 Jefferson Ave, Suite 301, Elizabeth, NJ 07201
111 Livingston Avenue, New Brunswick, NJ 08901
45 Park St, Montclair, NJ 07042
1771 Front Street, Scotch Plains, NJ 07076
146 Livingston Avenue, New Brunswick, NJ 08901
21 Main St Ct Plaza S, West Wing, Suite 151, Hackensack, NJ 07601
100 27th Street, Fair Lawn, NJ 07410
214 Washington, PO Box 1117, Toms River, NJ 08754
440-65th Street, West New York, NJ 07093
314 48th Street, Union City, NJ 07087
1 Main Street, Suite 6, Sparta, NJ 07871
485 Totowa Rd, Totowa, NJ 07512
Point Pleasant Beach 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 New Jersey 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.