Is securities fraud a federal or state crime?

Securities fraud is both a federal and state crime. Depending on the specifics of the case, the federal government or the state of Florida may investigate and prosecute the fraud. Federal securities laws are enforced by the U.S. Securities and Exchange Commission (SEC). The SEC has the authority to investigate and prosecute securities fraud at a federal level. At the state level, securities fraud is regulated by the Florida Office of Financial Regulation and is covered under Chapter 517 of the Florida Statutes. Under this chapter, it is illegal to engage in fraudulent activities involving the offer, purchase, or sale of securities. The Florida Office of Financial Regulation is responsible for enforcing state laws and regulations protecting investors and the integrity of the securities markets. Anyone convicted of securities fraud in Florida may face fines or prison time, or both. In summary, securities fraud is a federal crime, regulated by the U.S. Securities and Exchange Commission, and a state crime, regulated by the Florida Office of Financial Regulation. Punishment for securities fraud may include fines, prison time, or both.

Related FAQs

Is it illegal to engage in market manipulation in a securities fraud case?
Are there any special requirements for non-U.S. investors in securities fraud cases?
What are the elements of a securities fraud case?
What are the different types of research used in securities fraud cases?
What are the remedies for a successful securities fraud case?
What is the difference between a "fraudulent transfer" and a "securities fraud" case?
Are there any special accounting rules for insider trading in a securities fraud case?
What is a "pump and dump" or "flipping" scheme in securities fraud?
Are there any special accounting rules for securities fraud cases?
What does it mean to be a "controlling shareholder" in securities fraud cases?

Is securities fraud a federal or state crime?

Related FAQs

Related Blog Posts