Illegal insider trading is the buying or selling of a security in breach of a fiduciary duty or other relationship of trust and confidence, with knowledge of material, non-public information about the security. The Securities Exchange Act established the Securities and Exchange Commission (SEC) and formed the basis of regulating American financial markets. The SEC, along with securities agencies in each of the 50 states, is charged with enforcing securities laws, including those that prohibit insider trading. Examples of insider trading cases that have been brought by the SEC are cases against corporate officers, directors, and employees who traded the corporation’s securities after learning of significant, confidential corporate developments; friends and family members of corporate officers who traded the securities after receiving such information; and bank or brokerage firm employees who were given such information to provide services to the corporation whose securities they traded.
Proving that someone has been responsible for a trade can be difficult as well as the subjective interpretation of how “material” the information really was — assuming that it was not already public. If you or someone you know is being investigated as part of an insider trading case, consult with an experienced white collar crime defense lawyer as soon as possible. Criminal defense attorney Omar Johansson specializes in the defense of persons accused in white collar crimes, including economic crimes and fraud. He has prosecuted and defended over 1000 cases. Call Omar Johansson today at 954-745-7517 for a confidential and free consultation.
Call us today at 954-745-7517 or email us for your confidential consultation