INSIDER TRADING CHARGES
Insider trading occurs when a person with inside knowledge about a company's dealings uses that information to trade stocks. It is defined as the buying or selling of a security in breach of a fiduciary duty or other relationship of trust and confidence with knowledge of material, non-public information about the security. Individuals who may have access to inside information include brokers, stock analysts, investment bankers, and company employees. Federal law makes it a crime for anyone with inside information to buy or sell stocks based on their unique perspective or special knowledge. 15 U.S.C. ยง 78a codified the Securities Exchange Act of 1934 which established the Securities and Exchange Commission (SEC) and formed the basis of regulating the American financial market. The SEC enforces the securities laws that prohibit insider trading. If convicted of insider trading you may be facing large fines and/or imprisonment.
Because of the life-threatening consequences of a insider trading conviction it is important that you seek the services of an experienced and knowledgeable attorney immediately if you have been charged with or are being investigated for insider trading. At Kestenbaum, Eisner, & Gorin, LLP, our attorneys have over 50 years combined experience in criminal defense and we will work hard to provide you with a successful defense. Because of the complexity of federal laws and court systems, it is very important that your lawyer have a good amount of experience in federal court rooms. Now is not the time to entrust your case to an attorney who is ill-equipped to handle your insider trading charges. You should contact our firm as soon as possible to be directed to a lawyer who will address your charges in a way that will positively resolve your case.