Danville, Illinois Securities Fraud Lawyer
Securities are considered a wise investment by many people, but it can be difficult for those without a background in finance to fully understand the details. As a result, they rely on the judgment and representations of others with specialized knowledge in such matters. When this trusted resource makes false statements related to securities transactions, misconduct could lead to criminal charges. US authorities crack down on those accused of securities fraud, and the penalties for a conviction are severe.
If you were arrested or believe you are under investigation, retaining skilled legal representation should be a priority. There are multiple defenses to fraud charges, and Patel Law, PC will take advantage of all opportunities to fight the allegations. Please contact us right away to schedule a confidential consultation with a Danville, Illinois securities fraud lawyer. We can advise you on options after assessing your case, and you may benefit from reviewing some basics below.
Illegal Conduct Under US Securities Laws
There are various ways a person could violate the law and be arrested for securities fraud, and these cases are typically charged as felonies. For a conviction, a defendant could face up to 25 years in prison and a steep fine for each violation. Plus, a judge could order restitution, forcing the defendant to pay back aggrieved parties.
Common types of securities fraud include:
Executives at a publicly traded company might provide false information or omit important details in connection with a stock offering. The fraudulent statements induce others to act and impact the value of the shares.
Individuals with access to private, confidential information about a company might engage in insider trading. They gain value from a securities transaction based on information not available to the public.
Outsider trading occurs when someone hacks into a network or unlawfully gains access to information about securities, and then trades based on these details.
Pyramid schemes may also violate securities laws when the value of the investment is derived through getting others to contribute, rather than legitimate activities.
Help With Defending Securities Fraud Charges
A solid defense starts with attacking the prosecutor’s evidence since the government must prove guilt beyond a reasonable doubt. Patel Law, PC will pursue all defense options, so rely on a Danville, Illinois securities fraud attorney to advise you on:
- Defenses based upon violations of your civil rights, since officials often conduct unlawful searches when investigating;
- Whether you had a good faith belief that the information was true when releasing it; and,
- Plea bargaining, especially in cases where you provided substantial assistance to law enforcement in apprehending others.
A Danville, Illinois Securities Fraud Lawyer Will Help With Defenses
This summary of the laws is useful, but you will need experienced legal representation if you are arrested for violating securities laws. Our team at Patel Law, PC is knowledgeable about the laws, giving you an advantage when going up against the prosecution. Please contact our firm to set up a consultation today. An Illinois securities fraud attorney can explain potential defenses and other strategies for protecting your rights.