DC Federal Securities Fraud Lawyer
If you discover that you are under investigation by the SEC, FBI, or other federal agency, you should know that the investigation was likely underway long before you became aware of it. This is one of the reasons it is critical that you secure the legal counsel of a DC federal securities fraud lawyer as quickly as possible.
The federal securities fraud attorneys at our DC law firm understand what it takes to defend clients against the aggressive federal prosecutors here in the District of Columbia.
Call our law offices today to conduct your confidential and free initial consultation to learn how a federal lawyer in DC can help you.
Role of an Experienced Federal Defense Attorney
In a federal investigation, the stakes are high. Imposing prison sentences and large fines are generally at risk, and the prosecution is normally spearheaded by well-trained federal prosecutors utilizing evidence gathered by government-funded investigative agencies.
A DC federal securities fraud lawyer comes in when you do not want to leave your case in the hands of an attorney who may not have experience defending clients in federal court. Our federal lawyers have experience handling a wide spectrum of federal cases and have an established presence in the DC federal court system.
What is Securities Fraud?
Securities fraud is a broad term that encompasses any act of willful deception or misrepresentation. This may be related to the purchase and sale of stocks, commodities, and investments.
Securities fraud typically involves the intentional misrepresentation of facts to investors in order to make a profit. Types of securities fraud include the following:
- Insider trading, or using confidential corporate information to manipulate the purchase or sale of stocks
- Accounting fraud, or falsifying or destroying account records to misrepresent the health or activities of a business
- Churning, or advising or encouraging investors to engage in excessive trading in order to generate more fees for the broker, without regard for the best interest of the investor
- Backdating stock options
- Ponzi schemes or pyramid schemes, in which investors are paid returns from subsequent investors, with no real investment product or opportunity.
- Advance fee schemes, in which an investor is asked to pay taxes or fees in order to obtain information about a “once in a lifetime” investment opportunity
Federal Securities Fraud Laws
There are a number of federal laws, rules, and acts of legislation pertaining to securities and the financial sector. A DC federal securities fraud attorney will be able to explain them to you in greater detail, but this page will provide a general overview.
The primary act governing securities exchanges is the Securities Exchange Act of 1934, codified in Title 15 U.S. Code Chapter 2B.
“Rule 10-b5,” encoded in 17 CFR 240.10b-5 is the primary regulatory authority prohibiting the use of “manipulative and deceptive devices” in interstate commerce and national securities exchange.
Specifically, the U.S. Code prohibits and penalizes securities fraud under 18 U.S.C. § 1348. Under this statute, securities fraud, or using deception or misrepresentation in connection with any security or commodity, is punishable by a maximum 25 years in prison in addition to fines, restitution, civil penalties, and asset forfeiture.
Because of the nature of securities fraud and all of its various forms, there are a number of ways the offense or offenses may be prosecuted under federal law, including:
- False Statements
- Whistleblower retaliation
- Obstruction of Justice (and destruction of documents under the Sarbanes-Oxley Act of 2002)
- Mail fraud
- Wire fraud
Contact a DC Federal Securities Fraud Attorney
The federal government believes securities fraud and other acts of financial fraud to be serious offenses, worthy of significant manpower and resources to investigate and prosecute these crimes. If you are caught in the crosshairs of a federal investigation, seek out thorough, aggressive defense representation as quickly as possible.
Call today to find a DC federal securities fraud lawyer equipped to handle your case.