Dallas, TX, Nov. 17, 2020 (GLOBE NEWSWIRE) -- Insider trading is a type of white-collar crime that can result in significant fines and even time in prison. In fact, some of the most notorious insider trading cases have involved high profile defendants who spent months and even years in prison for engaging in this type of securities fraud.” Mick Mickelsen Dallas Federal Criminal Defense Lawyer.
So, what is insider trading? In short, insider trading happens when someone in a company with private, non-public information about the company uses that information to their advantage to make an illegal sale or trade of securities. They can also run afoul of the law if they “tip off” an outsider by sharing their inside information to the outsider’s benefit.
Insider trading isn’t always illegal. Specifically, people with inside knowledge of a company’s financial status are permitted to buy and sell securities. However, they must register these purchases and sales with the Securities and Exchange Commission (SEC).
Insider Trading Can Involve Insiders and Outsiders
While most of the high-profile insider trading cases that make the news involve corporate executives, just about anyone can get caught up in an insider trading case.
For example, if the president of a corporation learns that his company will soon be purchasing a different company and he chats with his doctor about the upcoming acquisition, the doctor may run out and purchase stocks in the company that’s about to be acquired. It’s possible for this to qualify as a case of insider trading.
There have been plenty of cases in which the friends and relatives of a corporate executive faced prosecution for acting on “tips” offered by a corporate insider.
Tough Penalties for Insider Trading
Insider trading is a type of white-collar crime, which means it’s a financial crime involving fraud rather than violence. As a result, people sometimes assume that an insider trading conviction won’t result in prison time.
Such assumptions are misleading. Prosecutors take insider trading very seriously. Under federal law, someone convicted of insider trading can be sentenced to up to 20 years in prison or pay a fine of up to $5 million per insider trading violation. Additionally, they may be forced to turn over any of the profits or illegal gains obtained by way of the insider trading.
Most Notorious Insider Trading Cases
There have been plenty of insider trading cases in the news, both in recent years and throughout history. A handful of cases top the list as the most notorious.
The above cases are just a few examples of how seriously federal prosecutors take illegal insider trading. Individuals convicted of insider trading can face years in prison, along with steep fines. If you’ve been charged with insider trading, it’s important to discuss your case with a federal criminal defense lawyer who has experience handling white collar crimes cases.
Resources:
https://www.brodenmickelsen.com/federal-criminal-defense
About Broden & Mickelsen Dallas Criminal Defence Lawyers
Experienced criminal defense lawyers in Dallas, Broden & Mickelsen is dedicated to providing aggressive and ethical representation to individuals and businesses charged with criminal offenses. We do this through our unique team approach to the practice of criminal defense in which both partners play an active role in the firm’s cases.
Both partners are committed to the belief that when a person is charged with a crime, he or she deserves to be represented by attorneys that provide a vigorous defense. We do this by evaluating each case individually and by using all the resources available to achieve a favorable resolution. Criminal defense attorneys Clint Broden and Mick Mickelsen are certified for trials and appeals by the Texas Board of Legal Specialization as experts in criminal law.
https://www.brodenmickelsen.com
https://www.brodenmickelsen.com/results
Read: How to Select a Criminal Defense Lawyer by Broden & Mickelsen
Contact Info
Defense Lawyers Broden & Mickelsen
2600 State St Dallas
Texas 75204
(214) 720-9552
###KISSPR.COM PRESS RELEASE NEWS DISCLAIMER ###
This news has been published for Dallas Criminal Defence Attorneys Broden & Mickelsen. Kiss PR Brand Story Press Release News Desk was not involved in the creation of this content. KISS PR and its distribution partners are not directly or indirectly responsible for any claims made in the above statements. Contact the vendor of the product directly.
https://story.kisspr.com/
Attachment