Are there any special criminal penalties for securities fraud?
Yes, there are special criminal penalties for securities fraud in Washington. Securities fraud is a serious crime and is punishable by both civil and criminal penalties. Criminal securities fraud in Washington is codified in RCW 21.20.310, which includes a definition of "security" as well as a description of the criminal acts that constitute securities fraud. According to the Washington State Law, criminal securities fraud is any act of deceit, fraud, or manipulation with the intent of inducing someone to rely upon it to purchase or sell a security. If a crime is committed, the perpetrator may be subject to jail time of up to five years and/or a fine of up to $25,000. Additionally, a court may impose restitution, which is the repayment of any losses suffered by the victims of the fraud. Finally, if the fraud is carried out by an organization or business, the court may also order the dissolution of the company or organization.
Related FAQs
How does a criminal securities fraud case differ from a civil securities fraud case?What is a "market manipulation" scheme in securities fraud?
What is the difference between a "fraudulent transfer" and a "securities fraud" case?
Are there any financial advisors who specialize in securities fraud cases?
What is a "naked short" scheme in securities fraud?
What is the Securities Exchange Act of 1934 and how does it relate to securities fraud?
Are there any special criminal penalties for securities fraud?
Are there any special financial instruments that can be used to protect investors from securities fraud?
Are there any international laws that protect investors from securities fraud?
Are there any special requirements for non-U.S. investors in securities fraud cases?
Related Blog Posts
How Has Securities Fraud Law Evolved in Recent Years? - July 31, 2023What to Look Out for in Identifying Securities Frauds - August 7, 2023
Understanding the Legal Ramifications of Securities Fraud - August 14, 2023
Are You a Victim of a Securities Fraud? 3 Steps to Recognizing Financial Fraud in the Market - August 21, 2023
Common Types of Securities Fraud and How to Avoid Them - August 28, 2023