In this section of our website, we have answered hundreds and hundreds of questions our clients have asked us over the years. Instead of looking all over the Internet for an answer to a question you have about an arrest or investigation in New York City, spend 10 seconds and see if we have answered it here. Here’s how to find your answer….
One, just down and to the right, you will see a SEARCH BOX. Just type your question in the box and press your enter key. Every answer on this site that is related to your question will fill your screen.
Or two, just below the search box, are the criminal Categories we’ve answered questions on. Just go the specific topic you have a question on and click the topic. Every question related to that topic will appear on your screen.
And remember, if you or a family member needs assistance with a criminal matter, or is under investigation by NY or Federal Authorities, call us at 212-577-6677.
With the continued crackdown on financial fraud offenses, accusations of insider trading can potentially result in severe consequences.
The basic definition of insider trading is when a person uses knowledge that is not available to the public in order to gain advantage in trading stocks. This knowledge may be legitimately obtained; for example, an employee or contractor may, in the course of his or her duties, become privy to certain knowledge in advance of the general public. In other cases, the knowledge is obtained through illegitimate means, such accessing a computer system without authorization, or bribing an employee or other insider to divulge knowledge. In either case, when the knowledge is used to obtain a trading advantage, accusations of insider trading may follow and result in criminal charges.
Often, the targets of insider trading are financial sector professionals such as portfolio managers, analysts, and brokers. In some cases, it is alleged that not merely did the defendants engage in insider trading, but that they actually participated in a systematic scheme of insider trading; this can be the case when there was an entire system set up where professionals such as analysts conspired with employees of public companies to receive insider information form them in order to gain an advantage in trading. All participants in such schemes can be charged in connection with insider trading.
Persons accused of insider trading can expect to get charged with securities fraud, as well as conspiracy to commit securities fraud if there were other participants in the insider trading scheme. A conviction can result in several years of imprisonment, as well as fines numbering in the millions of dollars.
If you are being investigated or prosecuted based on allegations of insider trading, you should consult an experienced defense attorney with extensive expertise both in criminal defense and in finance issues. Call our experienced New York criminal defense lawyers at (212) 577-6677 to schedule an immediate consultation.