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300 West State Street, Suite 108, Media, PA 19063
339 W Baltimore Ave, Media, PA 19063
11 East Second Street, Media, PA 19063
2 S. Orange Street, Suite 215, Sovereign Bank Building, Media, PA 19063
1500 John F. Kennedy Blvd., Suite 520, Philadelphia, PA 19102
419 Avenue of the States, Suite 406, Chester, PA 19013
22 W Airy Street, Norristown, PA 19401
99 E Court Street, Doylestown, PA 18901
680 Middletown Boulevard, Langhorne, PA 19047
400 Maryland Drive, Fort Washington, PA 19034
925 Harvest Drive, Suite 300, Blue Bell, PA 19422
279 South Main Street, Suite 2A, Doylestown, PA 18901
One South Church Street, Suite 400, West Chester, PA 19382
2005 Market St, 16th Floor, Philadelphia, PA 19103
123 S. Broad Street, Suite 2170, Philadelphia, PA 19109
90 East State Street, PO Box 1989, Doylestown, PA 18901
101 West Chester Pike, Suite 1A, Havertown, PA 19083
30 Valley Stream Parkway, Malvern, PA 19355
1333 Race Street, Philadelphia, PA 19107
43 North Pine Street, Doylestown, PA 18901
144 East DeKalb Pike, Suite 300, King of Prussia, PA 19406
1315 Walnut Street, Suite 500, Philadelphia, PA 19107
Cira Centre, 2929 Arch Street, Philadelphia, PA 19104
1500 Market St, Centre Square West Tower 32nd Floor, Philadelphia, PA 19102
One Liberty Place, 1650 Market St, 55th Floor, Philadelphia, PA 19103
Oxford Securities Fraud Information
Lead Counsel Verified Attorneys in Oxford
Lead Counsel independently verifies Securities Fraud attorneys in Oxford and checks their standing with Pennsylvania bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
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 Pennsylvania 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.