Investments and securities are regulated by both the state and the federal government, so fraud convictions carry very serious penalties. Along with criminal charges, victims of investment and securities fraud may also file civil lawsuits which can result in huge damages awards.
Cases can be complex and investigated by law enforcement agencies over a long period of time. If you are arrested for investment and securities fraud in Nevada, you need experienced white collar crime defense lawyers on your side to defend you.
A security is a legal instrument such as a:
Nevada excludes insurance policies, annuity contracts, and pensions from the legal definition of a security.
Securities fraud is deliberately using deception (including false or incomplete statements of fact) to gain an unfair advantage in the securities markets in violation of federal and state securities laws, in any of the following transactions involving securities:
Nevada law also requires certain securities to be registered for sale and for disclosures to be made in connection with an offer to sell securities.
Common activities that constitute securities fraud include:
Nick Wooldridge has a long track record of representing clients accused of serious federal and state crimes in Nevada.
State law provides for large penalties and long prison times for a person convicted of securities fraud in Las Vegas, Nevada. Securities fraud is a Category B felony. Category B felonies in Nevada require prison time of 1 to 20 years and fines up to $500,000.
In addition to fines and jail time, Nevada law also requires a person convicted of securities fraud to pay restitution to the victim and to reimburse the state for the costs of investigating the crime.
Investment and securities fraud is also a crime under federal law. The Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) investigate and prosecute violations of the federal securities laws.
The most common violations of federal securities laws are:
Insider trading has one of the highest penalties in all of federal law- up to 20 years in a federal prison and up to $5 million in fines for an individual.
Other securities fraud crimes have penalties ranging from 5 to 20 years in a federal prison and fines from $5,000 to $5 million.
An experienced securities fraud defense lawyer can work to reduce the charges against you in several ways. In many cases, the long investigation period will result in some misconduct by law enforcement agencies. Evidence which was collected unlawfully can be suppressed and thrown out by a skilled criminal defense lawyer in Las Vegas. Your investment fraud attorney can also show that you did not act intentionally; this may still result in a civil case against you, but the criminal charges could be dropped if you did not act to defraud anyone.
Contact LV Criminal Defense if you have been arrested for investment and securities fraud in Nevada.