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Insider trade or insider trading is a type of white collar crime that occurs when a person buys or sells a security while having non-public information about the security at his/her disposal. According to SEC, FTC, and United States law, certain information about securities or companies must be made public. If information is not yet public, and people within the company or who have non-public information about the company or security buy and/or sell securities to make a profit, they can be charged with insider trading. In many cases, insider trade is classified as a felony, and can lead to harsh legal penalties for the offender if he/she is convicted.
White Collar Crime Legal Penalties
Once a white collar crime is committed, like insider trade, a lengthy investigation is likely to ensue at the federal level. This is due to the fact that white collar crimes cause the federal government substantial loss each and every year. People who are suspected of committing a white collar crime may be investigated by the FBI, CIA, SEC, and FTC. After the investigation has concluded, if there is sufficient cause to press criminal charges, the person will be charged and prosecuted for committing insider trade.
If a person is convicted of insider trade, he/she may have to:
- spend time in jail or prison
- pay large fines
- do community service
- be placed on probation
- pay restitution
Obtaining a Florida Insider Trade Attorney
As soon as a person discovers that he/she has been charged with insider trade, it is in his/her best interest to consult with a knowledgeable white collar crimes defense attorney, like the attorneys at Hager & Schwartz, P.A. From the beginning, people should do everything they can to become informed of their individual rights and possible defenses. By working closely with an experienced insider trade defense lawyer, people will receive the information they need to contest their criminal charges and present a strong case in court.
Miami-Dade Insider trading Lawyers
If you have been charged with insider trade, do not hesitate to contact the reputable white collar crime defense attorneys at Hager & Schwartz, P.A. At Hager & Schwartz, we understand the fear and uncertainty our clients feel when they are facing the Florida legal system. That is why we offer each of our white collar crime clients the compassionate representation they need to feel comfortable throughout every face of the legal process.
If you have been charged with insider trade in Miami-Dade or a surrounding area, call our experienced white collar crime defense attorneys at 1-866-850-7575 or contact us via E-Mail today!
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