CALIFORNIA CRIMINAL LAWYERS

Los Angeles Securities Fraud

Protect Yourself Against Securities Fraud in Los Angeles

In Los Angeles, securities fraud is considered a white-collar crime and may lead to severe penalties, including lengthy prison sentences and hefty fines. It’s crucial to understand the different forms of securities fraud to avoid it. If you’re being investigated or charged with securities fraud, you must seek competent legal counsel to prevent criminal charges from being filed, such as perjury or obstruction of justice.

Forms of Securities Fraud

It’s essential to know the various forms of securities fraud to stay clear of committing an offense. Securities fraud may take the following forms: stock manipulations, insider trading, internet fraud, corporate fraud, boiler room operations, financial advisor fraud, mutual fund fraud, Ponzi schemes, accountant fraud, microcap fraud, and concealing material information in investment schemes.

It’s no secret that securities fraud cases attract lengthy investigations, primarily by the government. As a result, having competent legal counsel is critical, especially if the case goes to trial. With proper representation, you could prevent criminal filing for securities fraud and avoid new charges such as perjury or obstruction of justice that may arise during the investigation.

Los Angeles Securities Fraud Laws and Offenses

Los Angeles securities fraud laws cover different types of securities. One may commit securities fraud offenses through several ways. For instance, it’s unlawful to sell unqualified securities. Before selling any stock or securities, one must ensure that the California Department of Corporations has given them a clean bill of health. Notably, a person who fails to secure a security correctly can be prosecuted in a court of law for securities fraud.

Moreover, since securities fraud cases entail a lot of paperwork, it’s advisable to hire a competent Los Angeles securities fraud attorney to handle your case. The law may not penalize small businesses for selling unqualified securities. However, several factors could prevent a person from getting prosecuted for selling unqualified securities, such as selling to 35 people or less, having no intent to sell to others, and only selling to parties with significant business experience or a business or personal relationship.

Penalties for Securities Fraud in Los Angeles

The Securities and Exchange Commission (SEC) is responsible for investigating securities fraud cases while the United States Attorney’s Office presents them in the Federal Court. Penalties for securities fraud can be extremely severe, with the charges prosecuted in the Federal Court often carrying more severe consequences than those from Los Angeles prosecutions.

If the fraud case ends up in the Federal Court, an offender faces a prison sentence of up to twenty years. Additionally, they may face civil lawsuits, so it’s crucial to seek competent legal counsel immediately if you receive a notification about any such charges. However, a person can only be charged with committing a securities fraud offense if they willingly engaged in an act that assured them an unfair advantage over others. If their actions were unintentional, they may not be found guilty of committing a securities fraud crime.

Contact Our Law Firm for Help

In case you are accused of securities fraud or get charged with the offense, calling our law firm is a wise decision. Securities fraud cases are incredibly complex, and one criminal defense attorney may not be enough. You’ll require a skilled and experienced defense team to handle your case with speed, thoroughness, and complete responsiveness.

At our law firm, we have well-trained criminal defense lawyers who are knowledgeable about the federal criminal system. If you learn that you are being investigated for securities fraud or the feds are already questioning you, seek expert legal counsel as soon as possible. We aim to prevent charges from being filed against you if you haven’t been charged yet. However, if the charges have already been filed, our team will work tirelessly to build a defense to protect your rights and reputation.

Conclusion

In conclusion, it’s imperative to protect yourself from securities fraud, as the penalties can be extremely severe. If you find yourself accused or charged with securities fraud in Los Angeles, contact our law firm immediately for skilled and experienced legal counsel. Make use of our legal team to prevent the government from charging you with fraudulent activities or any other crime like perjury or obstruction of justice.