What are the penalties for securities fraud?

Securities fraud in South Carolina is a serious white-collar crime that carries strict penalties. According to state law, individuals convicted of securities fraud can face fines up to one million dollars for each violation and up to twenty years in state prison. The court may also impose a restitution payment to defrauded parties. In addition, individuals convicted of securities fraud are subject to revocation or suspension of any license, permit, or certificate of registration issued to the person by the state. Depending on the severity of the offense, individuals found guilty of securities fraud may also be required to register as a securities industry professional. Individuals convicted of securities fraud in South Carolina may also be subjected to federal prosecution. Federal law carries different penalties, including jail time and hefty fines. The court may also order the defendant to pay restitution to the victims of the fraud. Regardless of the penalties, the most important thing to remember regarding securities fraud in South Carolina is that it is a serious crime with serious consequences. If you have been accused of securities fraud, you should seek legal advice immediately. An experienced attorney can help you build a defense and explain the potential penalties you face.

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What are the penalties for securities fraud?

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