What are the penalties for securities fraud?

In South Dakota, the penalties for securities fraud can vary depending on the severity of the crime. Under state law, penalties for securities fraud are divided into criminal and civil filings. Criminal filings are considered more severe, and they can include jail time, restitution, fines, and/or probation. Jail time can range from one day to many years depending on the severity of the fraud. Restitution typically includes making the victim whole by returning the money or property stolen. Fines can range from a few hundred dollars up to as much as $10,000, depending on the nature of the fraud. Lastly, probation is typically imposed for a period of one to five years and can involve community service, periodic check-ins with a probation officer, or restrictions on activities. Civil filings are typically considered less severe, although financial penalties can still be high. In South Dakota, civil filings for securities fraud can include civil fines up to $25,000 and/or restitution. However, the most common civil filing is an injunction which prohibits the defendant from performing activities related to securities. In conclusion, the penalties for securities fraud in South Dakota can range from small fines and probation to large fines and jail time, depending on the severity of the crime.

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