Insider trading, according to the SEC, is trading that takes place when those privileged with confidential information about significant events use the special benefit of that information to obtain profits or avoid losses on the stock market, to the disadvantage of the source and to the investors who acquire or sell their stock without the benefit of "inside" information. If you are prosecuted it usually falls under the Securities and Exchange Act of 1934.
Have you been accused of and charged with an insider trading violation? Contact an experienced insider trading lawyer to represent your case today!
Here are a few scenarios of what may be considered illegal trading:
- Corporate officers, employees etc trade company stock after they find out about confidential corporate developments that the company will be losing their partnership.
- A family member or friend trades company stock after obtaining information from an employee or corporate officer of the company, that there will be significant losses in revenue the following quarter.
- A person obtains and misuses confidential corporate documents of major changes such as losing a corporate contract or a company’s bankruptcy, prior to public knowledge.
Playing the stock market can have many advantages, but being accused of illegally trading inside information, which is not obtainable to the public, can lead to severe federal penalties. Many people believe that in order to be convicted of this crime that only CEO’s and those in position of power can be charged. That is not true. Anyone ranging from friends, co-workers, neighbors, brokers, even family members can be charged, if they have information that is not obtainable to the public for financial gain.
If you have allegedly committed and are under investigation for inside trading, you will need to speak with a lawyer who understands how to handle the complexities of defending an inside trading case. A experienced lawyer knows how to protect your legal rights and the specific laws associated with the charges that are placed against you.
Have you been accused of and charged with an insider trading violation? Contact an experienced insider trading lawyer to represent your case today!
Update: JC
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