New York City is one of the world’s financial capitals, and insider trading is a risk for tens of thousands of executives who work with sensitive information about their companies, as well as individuals working for Wall Street firms.
If an SEC investigation yields evidence of misconduct, it may be handed over to the Department of Justice for prosecution.
Penalties for insider trading vary depending on whether individuals or corporations were involved. For individuals, prison sentences as long as 20 years per count are possible, with fines of $5,000,000.
If a corporation is found guilty, fines of $25,000,000 are possible.
Regardless of the entity, insider trading cases usually involve additional charges as well, such as securities fraud, mail fraud, wire fraud, and more. Civil penalties will also apply if convicted.
These charges are extremely serious and you are well advised to seek the most experienced legal counsel you can find.
The attorneys at Joseph Potashnik & Associates are broadly experienced in Federal criminal prosecution, and always put our clients first.
Call (212) 577-6677 today to schedule a consultation right away.
