Securities Fraud Attorney
Regulatory defense lawyers representing professionals facing investment fraud
Securities violations involving investment brokers, stock traders and other financial advisors can be complex legal cases. Depending on the allegations under investigation, the consequences can be serious, including significant fines, disgorgement of profits, revocation of an investment adviser registration and possibly even a prison sentence if convicted.
With so much at stake, it’s critical that financial professionals take such allegations seriously right from the start. Our experienced attorneys at Eller Tonnsen Bach, LLC can help you every step of the way throughout a securities fraud investigation. Whether you’re being investigated by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or another regulatory agency, our legal team can rigorously defend you or your company against allegations of securities fraud.
What is securities fraud?
Securities fraud (sometimes referred to as “investment fraud”) typically involves allegations of financial wrongdoing involving investment professionals. Such allegations can cover a wide range, including allegations of:
- Insider trading based on material non-public information.
- Stock market manipulation as prohibited under Section 9(a)(2) of the Securities Exchange Act of 1934.
- Front running (tailgating) equity trades based on nonpublic information (often at the expense of a client) that can influence the price of a stock.
- Fraudulent securities offerings based on false or misleading information.
- Short selling abuse, including pump and dump schemes designed to manipulate a stock’s price.
- Excessive stock trading at the expense of the investor(s).
- Operating a Ponzi scheme investment fund.
- Operating a stock brokerage boiler room.
These are just some of the allegations often made against brokerage firms or individual brokers or investors. Whatever type of allegation has been leveled against your business, it’s critical that you take such allegations seriously. An experienced securities fraud lawyer familiar with this area of the law and business litigation in general can review such charges and explain the legal options available to you.
What should I do if I’m being investigated for securities fraud?
Allegations of securities fraud are often investigated by the Securities and Exchange Commission (SEC) as well as the Financial Industry Regulatory Authority (FINRA). In the case of an SEC investigation involving securities fraud, you will likely receive a subpoena from the SEC. FINRA investigators often involve an initial inquiry and a Rule 8210 request seeking additional information.
In either case, your initial response to such inquiries can dramatically affect the outcome of your case. If you are the subject of such an investigation, taking the following steps could improve your ability to achieve a positive outcome to your case. Such steps include:
- Do not immediately respond verbally or in writing to a subpoena or Rule 8210 request. Anything you say or write in haste could later be used as evidence against you.
- Do not destroy any documents or records related to your case.
- Do not discuss your investigation with anyone else. Anything you say could later be used as evidence against you.
- Contact a securities fraud attorney immediately and schedule an appointment.
Stock traders and investment brokers understand the power of information. It’s the reason why people hire them to invest their money. The same is true when it comes to legal matters. Having an experienced attorney on your side that knows how to respond effectively to a securities fraud investigation can often make a dramatic difference in the outcome of your case.
What options exist for resolving such cases?
Every securities fraud investigation is different. As a result, so are the options for resolving such legal matters. Depending on the nature of your investigation, such options for resolving your case may include:
- Presenting evidence in your defense before an administrative law judge in a U.S. District Court, something that’s often done in response to an SEC investigation.
- Agreeing to pay a fine or returning profits to investors (a process known as disgorgement)
- Negotiating a financial settlement to resolve disputes involving investors.
- Defending your actions in federal court or before an administrative law judge.
Don’t take chances with your professional career or financial future. Make sure you mount a strong legal defense. Make sure you talk to a business savvy attorney who will vigorously defend your rights and your reputation.
What sets our law firm apart?
Experience and expertise matter when it comes to hiring an attorney to represent investment brokers or financial advisers accused of securities fraud. That’s why business professionals in South Carolina and North Carolina routinely rely on our law firm to defend them in such complex legal cases.
Our attorneys have years of experience investigating and defending the rights of business professionals. As a result, we thoroughly understand the rules and regulations that apply to such cases. We know what strategies often work best. We also prepare every case for trial if necessary. We leave no stone unturned.
Put your trust in the law firm professionals rely on when it matters most. Contact us and schedule a consultation with one of our attorneys. You can count on us to defend your rights and work to achieve a positive outcome.