Los Angeles Insider Trading Crime Defense Lawyer
What is Federal Insider Trading?
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. § 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.
Defense Against Insider Trading Charges in California
In simple terms, insider trading is buying or selling stocks by a person who has access to information that is not available to the public. It can be legal for stock trading to take place by insiders as long as the trading does not take advantage of non-public information. Insider trading relates to the illegal practice where an individual makes trades using information that is private. The main reason that it is illegal is that it raises the cost of capital for the issuers of securities and it can decrease economic growth. The laws in the United States has serious measures to enforce these laws. If you have been charged with this type of federal white collar rime, you need to retain a criminal defense attorney immediately.
Federal insider trading criminal charges are a very serious matter to your freedom and reputation. This type of federal crimes usually results in severe consequences if you are convicted. It is important that you act immediately and consult with a proven defense attorney from Eisner Gorin LLP. With our highly experienced legal team fighting for you, you will have an increased chance of a positive outcome to your case. This could include a lesser charge or even a case dismissal. We handle cases in all U.S. District Courts in Los Angeles County and throughout the state of California.
Why Hire our Federal Lawyers?
We also have over 5 decades of combined experience in the field of white collar offenses that includes allegations of insider trading. We are familiar with federal laws and procedures are well-known for taking an aggressive approach needed to defend your case and protect your legal rights. Call our federal attorneys at (877) 781-1570 or fill out online contact form.
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