Securities Fraud Lawyer San Francisco, CA
There are many types of fraud that can result in federal charges, including wire fraud and mail fraud. One of the most serious charges of fraud one can face is securities fraud. While California and other states do have security fraud laws on the books, the majority of crimes are handled under federal statutes. If you are being investigated or have already been charged, you need to contact a San Francisco, CA securities fraud lawyer to help defend you against these allegations.
What Is Securities Fraud?
Security fraud is considered a white-collar crime. Securities refer to different types of investments, including banknotes, corporate stocks, investment contracts, and municipal bonds. Security fraud occurs when one party cheats, deceives, lies, or steals another party for financial gain using one or more securities.
There are several types of securities fraud that can be charged:
- Churning: This type of securities fraud occurs when a broker pressures a person to invest excessively into one security in order for the broker to earn more from the commission and fees associated with those investments.
- Insider trading: This type of securities fraud occurs when a party associated with a securities company (i.e., stock market investment company) shares information that is not available to the public. Under the law, if the information is not available to the public then no one in the company is allowed to leak that information to anyone.
- Misrepresentation: As a San Francisco, CA securities fraud lawyer can explain, this type of securities fraud is the opposite of insider trading. It occurs when a broker or other trusted individual lies about how a security is predicted to perform in order to increase the sale of the stock.
What Are the Penalties for Securities Fraud?
Federal investigators do not take crimes of security fraud lightly and are aggressive when it comes to prosecution. If a person is convicted of securities fraud, they face up to five years in a federal prison. They can also be fined between $10,000 and $5 million. Any sentence will also likely include full restitution to any and all victims of the fraud. Under federal law, those victims may also file a civil lawsuit against the convicted party for damages above and beyond the actual money stolen in the fraud.
Are You Being Investigated?
If you are being investigated for securities fraud, or you have already been charged, you need to retain the services of an aggressive and skilled securities fraud lawyer in San Francisco, CA right away. The sooner an attorney can begin building your defense, the better your chances are for a more positive outcome. Contact Morales Law Firm today to schedule a free and confidential consultation to find out how we can help. Do not delay.