Acts of securities fraud in Los Angeles could result in the loss of your life savings. Many people trust stockbrokers, financial analysts, and even brokerage firms to treat their savings carefully. However, these individuals and companies may let you down by committing illegal actions.
You may be able to seek compensation for your financial losses if you were impacted by an act of securities fraud. Find out more by contacting a Los Angeles security fraud lawyer. Start working with the team at Pintas & Mullins Law Firm right now.
Legal Codes Related to Securities Fraud
Securities fraud is a major concern throughout the financial world. Issues within the securities industry have been tied directly to the 1929 stock market crash, which led to the Great Depression. In response to this disastrous period of U.S. history, several pieces of legislature were passed through Congress. The securities market may be regulated through the:
- Securities Act of 1933
- Securities Exchange Act of 1934
Note that these acts led to the direct creation of the U.S. Securities and Exchange Commission (SEC). The SEC is a government agency that has been tasked with handling the:
- Regulation of the securities market
- Establishment of rules regarding financial activity
- Enforcement of rules on financial activity
Corporate fraud and stock fraud may both be handled by the SEC. This agency provides oversight to private banking interests as well as the stock trade on Wall Street. Unauthorized trading and other forms of securities fraud may be investigated by the SEC and prosecuted in the federal court system in some cases.
Forms of Securities Fraud in Los Angeles
Individuals or businesses in Los Angeles may engage in securities fraud in a number of different ways. Any fraudulent activity in the securities market may lead to criminal charges. This includes actions such as investment fraud and securities fraud. You may also have a case if someone:
- Misrepresented or omitted financial information
- Engaged in unauthorized trading
- Breached their fiduciary duty
- Took part in “churning” by trading stocks unnecessarily
- Manipulated the market illegally
- Engaged in insider trading
- “Speculated” by engaging in financial transactions that were risky
- Invested your funds in inappropriate investments
Any of these actions could be considered securities fraud by the court system in Los Angeles. However, here at Pintas & Mullins Law Firm, we understand that it may be difficult to determine whether or not fraud occurred. The securities field is very complicated, and sometimes individuals may be unsure if an action was legal or not.
A Los Angeles security fraud lawyer may be able to review your case if you believe someone engaged in fraudulent activity. A lawyer may go over the legal codes governing the securities market to see if you were deceived or if your funds were misused. Find out more about your legal situation by calling (800) 794-0444 right now.
For a free legal consultation with a Security Fraud Lawyer serving Los Angeles, call (800) 794-0444
Prosecution of Securities Fraud in California Courts
Securities fraud may be prosecuted in the state court system in California. The state of California may treat securities fraud as either a misdemeanor or a felony. Only certain forms of securities fraud are prosecuted in the state court system. You may be able to bring a case against someone who:
- Sold securities while violating the terms of the qualification
- Engaged in market manipulation
- Made misleading or false statements
- Engaged in insider trading
Individuals convicted in the state court system may face millions of dollars in fines. They may also be required to repay the money that they illicitly took from you. The SEC and federal court system may also handle some cases involving securities fraud in Los Angeles. Individuals who engaged in securities fraud may face harsher penalties if they are convicted in federal court.
Los Angeles Security Fraud Lawyer Near Me (800) 794-0444
Build a Civil Claim for Los Angeles Securities Fraud
Many individuals who engage in securities fraud in Los Angeles are prosecuted in the criminal court system. However, if you were impacted by an act of securities fraud, you may also file a civil claim against the individual who mishandled your finances. A civil lawsuit may allow you to seek direct compensation for your losses.
A Los Angeles security fraud lawyer may be able to begin investigating your case right away. The team at Pintas & Mullins Law Firm provides legal assistance to individual investors who fell victim to individuals engaging in securities fraud.
We may be able to help if your finances were mishandled during an acquisition, through insider trading, or by any other form of securities fraud.
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Work with a Team That Can Help You
You may be able to get legal help on your side quickly if you were impacted by an act of securities fraud in Los Angeles. The team at Pintas & Mullins Law Firm has:
- Over 50 years of collective experience
- Successfully handled over 10,000 cases
- The ability to travel around the nation to help you
You may reach out to us around the clock to get legal assistance on your side. We do not charge our clients fees up front. In fact, you may face no fees until we obtain a settlement or verdict in your favor. Begin working on your claim by contacting our team.
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Call a Los Angeles Security Fraud Lawyer Right Now
Get legal help handling the effects of securities fraud by contacting Pintas & Mullins Law Firm. You may reach us easily by calling (800) 794-0444 or completing our online contact form. Start building a claim right now with a Los Angeles security fraud lawyer. Our team understands what it takes to help you successfully resolve a civil claim for securities fraud. Start reviewing your options today with a free consultation.