What kinds of penalties can someone be subjected to if convicted of securities fraud?

If someone is convicted of securities fraud in California, they can face serious penalties. These penalties can include fines and restitution, meaning the repayment of any money lost or gained as a result of the fraud. Fines can be as high as $10,000 for each violation, or any greater amount the court deems appropriate. In California, individuals convicted of securities fraud may also face time in prison. Depending on the severity of the case and the amount of money stolen, the prison sentence could range from one year to 20 years. If the fraud was committed against a disabled or elderly person, the maximum prison sentence is increased to ten years. Moreover, someone who has been convicted of securities fraud may be barred from ever serving as an officer or director of a public company. This can have a significant impact on their ability to attain certain career goals. Finally, convicted individuals may be ordered to pay restitution to victims, which could be the entirety of the money stolen or a set percentage of the total amount taken. This, too, can have a significant impact on an individual’s financial future. In summary, those convicted of securities fraud in California can face substantial fines, prison sentences, loss of the ability to serve as an officer or director of a public company, and restitution to victims.

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