What is securities fraud?
Securities fraud, also known as investment fraud, is a type of financial crime in which someone deceives others in order to illegally make money from investing in stocks, bonds, and other securities. This type of fraud includes many different types of activities, such as insider trading, stock manipulation (by price or volume), and misrepresenting or withholding material facts from potential investors. In Virginia, securities fraud is a violation of state and federal laws. It is considered a serious crime due to its potential for great financial losses for the victims. The Virginia State Corporation Commission has jurisdiction over securities fraud cases in the state. This means that the Commission has the authority to investigate securities fraud cases and has the power to impose penalties on individuals or companies that it finds guilty of fraud. Penalties for securities fraud can include fines, jail time, and repayment of money that was taken from victims. Additionally, the Commission can prohibit a company or person from engaging in future activities related to securities within the state. Overall, securities fraud is a serious crime that can cause great harm to unsuspecting investors. It is important for investors to be aware of the potential for fraud and take necessary steps to protect themselves from falling victim to it. If you think you may have been a victim of securities fraud, it is important to contact the Virginia State Corporation Commission.
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