What are the penalties for investment fraud?

In Tennessee, investment fraud is a serious offense which can carry hefty penalties upon conviction. Depending on the circumstances, the criminal penalties for investment fraud can include a fine of up to $1,000,000 USD and imprisonment for up to 15 years. In addition to these potential penalties, a person convicted of investment fraud in Tennessee may also face civil penalties, such as repaying the victims of the fraud or paying a fine to the state of Tennessee. In addition to criminal penalties, investment fraud is also subject to administrative penalties. The Financial Industry Regulatory Authority (FINRA) is responsible for regulating the securities industry and is able to levy fines on companies or individuals found to have committed investment fraud. These fines can range from a few thousand to several million dollars, depending on the severity of the fraud. Additionally, FINRA is able to suspend or bar individuals from working in the securities industry for a period of time up to a lifetime. Investment fraud can also carry other penalties including being barred from acting as a fiduciary or being forced to disgorge ill-gotten gains. Regardless of the penalty, investment fraud should always be taken seriously and those found guilty of committing such violations should face the consequences.

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What are the penalties for investment fraud?

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