What are the penalties for securities fraud?

In Virginia, the penalties for securities fraud are determined by the severity of the crime. Depending on the circumstances of the crime and whether it is a first-time offense, violators can face fines, restitution, and even jail time. The most serious offense is when fraud is committed in a way that leads to a financial loss for a person or entity. In this case, the violator may be subject to a Class 5 felony, which carries a sentence of up to 10 years in prison and/or a fine of up to $2,500. Additionally, securities fraud related to Insider trading may result in a Class 1 misdemeanor charge. This could mean up to 12 months in jail and/or a $2,500 fine. In some instances, violators may also be ordered to pay restitution for any financial losses incurred by their victims. This is determined by the court and typically paid in addition to any penalties imposed. Finally, repeat offenders may face escalated charges, including a Class 6 felony or a Class 4 felony, which carry a maximum penalty of 20 years in prison and/or a fine of up to $100,000. Ultimately, the penalties for securities fraud depend on the specifics of the crime and whether the offender has a prior record of fraud. If you have been accused of securities fraud, it is important to hire a knowledgeable attorney who can help protect your future.

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