What are the differences between insider trading and securities fraud?

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What are the differences between insider trading and securities fraud?
Is it illegal to misstate information in securities transactions?
What is the SEC and how does it defend investors from securities fraud?
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What is securities fraud?
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What is the difference between civil and criminal penalties for securities fraud?
What constitutes a misrepresentation in securities fraud?
Are there any statutes of limitations for securities fraud cases?

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