What are the penalties for securities fraud?

In California, securities fraud is considered a white collar crime and as such carries serious repercussions. Those convicted of securities fraud may face fines, prison sentences, or both. Under California law, the most common penalties for securities fraud include fines up to $10 million and up to five years in prison for a felony conviction. If the crime involved fraudulently obtaining $500,000 or more, that could come with a fine up to $20 million and up to 8 years in prison. In addition to fines and jail time, a conviction for securities fraud may result in a person being barred from being an officer or director of a publicly-traded company. If a person is convicted of more than one securities fraud charge, the sentences may be served consecutively, meaning back-to-back instead of at the same time. The penalties for securities fraud may also include restitution payments and court-ordered supervised release. Restitution payments are payments made to those affected by the crime and are meant to recompense them for any losses they may have suffered. Supervised release means that even after serving a prison sentence, a person must remain under law enforcement supervision for a certain amount of time. Overall, being convicted of securities fraud in California can carry steep penalties, including a long prison sentence and hefty fines. It is important to be aware of the laws regarding securities fraud so that you can take steps to protect yourself and your investments.

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