Is securities fraud a federal or state crime?

Securities fraud is a crime both on the federal and state level. In California, securities fraud is a violation of the Corporate Securities Law of 1968 which is enforced by the Department of Business Oversight. This law prohibits fraud in the offer, purchase, or sale of securities in the state. The U.S. Securities and Exchange Commission (SEC) is the federal agency which enforces the federal securities laws designed to protect investors and prevent fraud. The SEC’s jurisdiction covers the nation’s exchanges, brokers, dealers, and investment advisers as well as investors in securities transactions. This federal agency can bring civil and criminal cases against those who violate securities laws. The offense of securities fraud is a serious criminal offense. It is important to be aware of the potential consequences of engaging in fraudulent activities. Whether you are charged with a federal or state crime, it is important to seek legal counsel for any suspected violations of securities fraud laws. It can be extremely difficult to defend yourself against these types of charges. An experienced attorney can help you understand the law and develop a strong defense.

Related FAQs

What are the differences between insider trading and securities fraud?
What are the different types of research used in securities fraud cases?
What are the differences between a "pump and dump" scheme and a "boiler room" in securities fraud?
What are the remedies for a successful securities fraud case?
What is insider trading?
What constitutes a misrepresentation in securities fraud?
What is a "boiler room" operation in securities fraud?
Are there any special financial instruments that can be used to protect investors from securities fraud?
What is a "material misrepresentation" in securities fraud?
What are the strategies used to combat securities fraud?

Is securities fraud a federal or state crime?

Related FAQs

Related Blog Posts