Law Offices of Christie A. Leary P.C.

Fairfax/Manassas Criminal & Personal Injury Blog

Many in Fairfax County automatically associate criminal charges with violence, clear instances of stealing, committing violations such as driving under the influence and even murder. However, other acts can lead to issues with the law that can yield harsh punishments. White collar crime charges can be treated just as seriously as many other crimes. One such crime is insider trading. The Securities and Exchange Commission (SEC) has certain rules designed to discourage illegal conduct and punish those who are caught engaging in it.

There are some instances in which the term "insider trading" is, in fact, legal. However, those who are concerned about the possibility of facing insider trading charges need to understand what constitutes the legal act versus the criminal act. If a security is bought or sold and there is a breaking of the law in breaching fiduciary duty using information that is not public, this is considered inappropriate and illegal. Providing tips to others regarding information that is not public is also considered insider trading.

These types of white collar crime charges have been lodged against people working in corporations, friends and relatives of people with inside information, outside firms who might have information from the corporation, government employees and others who somehow gleaned this information. The market is supposed to be evenhanded and fair with the same information available to everyone who wants it or researches it. This goal is undermined by insider trading, and it can lead to charges and penalties.

Given the numerous ways in which people can face charges for insider trading, they might or might not even have realized they were doing something illegal until they're charged. An innocuous piece of advice could constitute insider trading. While the penalties for insider trading can be hefty fines and even jail time, there are instances in which people might be able to pay restitution for their crime and move on with their lives without any long-term consequences.

Source: SEC.gov, "Insider Trading," accessed Jan. 11, 2015

No Comments

Leave a comment
Comment Information

email the Firm

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Christie A Leary

View our Blog

  • Stress, anxiety, frustration, confusion, fear, pain and injury are all emotions which can play havoc on an individual following a motor vehicle accident. Few individuals have the training...
  • In your vehicle, check to ensure that you keep the following in your glove compartment: (1) Vehicle registration (2) Insurance information (3) Small notepad (4) Pen (5) Disposable Camera...
  • First, assess whether you or anyone else involved in the incident requires medical attention. Call 911 immediately if any one requires medical attention. Your health and safety and the safety of others involved in the accident is paramount.
  • In the aftermath of an accident, you will feel as if you have entered into your own personal 4 ring circus.

Read More

Review Us
Law Offices of Christie A. Leary P.C.

Fairfax Office
10505 Judicial Drive, Suite 203
Fairfax, Virginia 22030

Fairfax Office Map

Manassas Office
9300 W. Courthouse Rd., Ste 204
Manassas, VA 20110
Manassas Office Map

Attorneys AT LAW


LOCAL: 703-359-7111
TOLL FREE: 800-823-1127
FAX: 703-543-5478
Email

Visa | Master Card | American Express | Discover