Reliance Law Firm has a Certified Fraud Examiner, with a specialization in Securities Fraud. Under Federal law, the crime of Securities Fraud is a Class C felony, punishable up to twenty years in prison, three years of supervised release, and $5 million in fines. Additionally, disgorgement of any profits will be ordered, and any property obtained from the proceeds of the offense can be confiscated.
Reliance Law Firm does not prosecute or defend criminal felons. Instead, we focus on investment loss recovery for clients who have incurred financial harm and losses caused by the conduct of others. This usually involves civil litigation, which requires extensive research, preparation and resources.
Proving fraud is the first step, which Willy Saint-Hilaire, CFE, as a Certified Fraud Examiner, is qualified to do. After Fraud has been identified and verified, commencing legal action is the next step. Reliance Law Firm has decades of experience, representing thousands of clients and can initiate and prosecute civil cases for recovery of investment loss. Many of these cases will involve filing actions and complaints with FINRA (The Financial Industry Regulatory Authority, Inc.) and the SEC (Security Exchange Commission).
Securities fraud can be defined as a deceptive act or practice involving the purchase or sale of securities. This term is vague and encompasses a wide spectrum of illegal activities. The liquidity of securities can be negatively affected when fraud is present and can lead to a substantial financial loss to investors.
The securities fraud perpetrator can be a natural person, a stockbroker, or an entity such as a brockage firm, a corporate entity, or a financial institution such as an investment bank.
Some of the most common fraud violations involving securities are the followings:
A material misstatement or omission in the financial statements
Intend to misrepresent by misleading investor on social media
Reliance on the information provided by securities issuer
Injury suffered due to negligence of non-performance
Regulatory non-compliance (unregistered securities)
Misuse of customer securities
Offering bad advice with the intent to defraud
Anyone who has experienced financial injury and investment loss should contact a law firm like Reliance Law Firm, to discuss the facts of their particular situation and legal options and remedies available to them. Please contact us for a consultation at (702) 960-5026.