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Securities Fraud Lawyers

Securities Fraud Lawyers
The terms securities is a broad one. In general, this refers to something that can be bought and sold as part of the securities market such as stocks and bonds. Many people own stock in some way. They might buy stocks as part of their savings plan or own them as part of their company’s retirement plans. Some people work in finance and deal with securities as part of their everyday working life. The management of securities is essential in order to make sure that everything is being done as it should be done and all laws pertaining to securities are being followed at every turn.

Securities Fraud

Securities fraud is sometimes also called stock or investment fraud. This type of crime can happen when a company or individual deliberately engages in fraudulent actions and acts to deceive others in some way. For example, this type of fraud happens when a company or a person chooses to provide any kind of inaccurate information about a stock or other type of securities product. This type of crime also happens when someone avoids providing accurate information that might otherwise influence a person to purchase stocks. Securities fraud is a violation of state and federal laws.

There are many types of actions that can be considered securities fraud in some way. For example, if someone steals money that was entrusted to their care nd intended to be used for investment in the stock market, that theft is considered securities fraud. If company officials deliberately mislead investors about the health of the company as they bring out an initial public offering, that is also considered securities fraud. A company’s directors have a legal obligation to let the public know all about the finances of the company including the company’s sources of funding and income.

Reporting to Auditors

The American stock market is heavily regulated. Each day, auditors examine a company’s records. Their goal is to ensure that all necessary procedures are being followed when it comes to issues such as reporting all sources of income and making sure that investors are being access to promises such as quarterly dividends. Company officials are required to maintain the company’s books and adhere the regulations imposed by federal regulations. Violations of such regulations can result in the company officials being charged under several laws including the far reaching federal securities act of 1933.

There are several other types of securities fraud. Insider trading is when someone such as a high ranking company official or friend of such an officer uses information they have that is not available to the general public to their own advantage. A person can also be charged with this form of securities fraud if they engage in trading and fail to inform officials of their actions. Failure to report securities trade is considered a violation of tax laws as it may be a form of trading without paying the required income taxes on any capital gains. This is also considered securities fraud.

Other Actions

Other kinds of actions can also be considered securities fraud. A classic form of securities fraud is what is known as a Ponzi scheme. In this type of behavior, investors use the funds they get to pay out previous entrants into the fraud. Many people have heard of the actions of Bernie Madoff. Madoff was at the head of the single largest Ponzi scheme every prosecuted in the United States. His actions brought him a long jail term. They also brought massive losses to all those who invested in his work,

Company officials can also be accused of misconduct by the federal or local government if they falsify financial records. An accountant for the company may act on their own or in concert with others to create false records for investors and federal investigators. For example, if the company is not profitable overall or suffers losses during a given quarter, company officials can choose to cover it up. This is considered a serious form of securities fraud.

Officials estimate this form of fraud is quite common in the United States. Each year, Americans and investors from abroad are defrauded to the tune of billions. This is why those charged with investigating this form of criminal activity take it very seriously. The same should be said of anyone or any company charged with such violations. Any charge of securities fraud is a very serious matter. Even the hint that officials at the company are not being above board with their investors will often create problems with the company’s overall finances. This can lead to issues in the longer term that can ultimately impact the company’s ability to function. That is why is hugely important to have skilled legal help on your side right now.


Charle Butler
Charle Butler
2021-03-12
Verified
I was hesitant to hire the Spodek Law Group. I read reviews and knew they have a great reputation. However, I thought I would spend money and not see or speak to my attorney. From the beginning to end of my case Todd and the entire staff were available and willing to help. We worked towards and end result that was way above my expectation and Todd delivered. I am forever grateful for patience and long days and night spent working on my case. Thanks Todd and the entire team!
Mesonista parsons
Mesonista parsons
2021-03-05
Verified
My attorney at Spodek was Abigail. She was very knowledgeable and helpful with all my questions and concerns, as well as responsive. Her fees are affordable and Abigail took the time to make sure I understood everything relating to my case. I highly recommend Abigail and will request her services in the future.
debabrata chakraborty
debabrata chakraborty
2021-03-03
Verified
Todd A Spodek is the experienced and best criminal lawyer at USA. He is very professional and always respond on time. Alex also very cooperative and always help me. They took care me and my problem like family member. I am 100% satisfied for their professional service. My result was unexpected and amazing. They dismissed my case. I am really grateful to them. I will recommend you to go there if you want to solve your problem. I wish all the best for them.
Asata Hendricks
Asata Hendricks
2021-03-02
Verified
Truly appreciate the work the guys did!. Exceptional team & I know they care about each and everyone of their clients. I am super thankful to be referred to Spodek Law Group and I am grateful Todd & Alex were able to work diligently to achieve an outcome I am pleased with. Despite COVID they stayed on top of things and kept me informed every step of the way. Very thankful.
Mike Moroff
Mike Moroff
2021-02-26
Verified
I'm very satisfied with the services rendered by Todd, Alex and Mary Lou. I whole heartedly recommend Spodek Law Group . I've worked with and have retained other attorneys in the past with Todd's firm being the cream of the crop for many reasons. A very serious legal matter was resolved after a year's hard work and effort. Todd expertly guided me through the process and was able to navigate and make the good journey bearable as well as successful. Mary Lou initially provided excellent assistance before referring my case to Todd. Alex's support was effective and timely. The customer portal (MyCase) is an invaluable communication tool that also kept track of my case. Various aspects of my case were explained and there were several options provided but I made the final decision of how the case would be handled. The legal fee was reasonable considering the effort and amount of work plus it was a flat fee regardless of the length of time required to conclude my case. Todd made himself available to me and we had many scheduled meetings to go over the progress and to discuss the next steps. I felt more confident after many discussions with him. You will not go wrong choosing Spodek Law Group for legal matters.
Josh Katz
Josh Katz
2021-02-24
Verified
Being that it was the first time that I was in need of an attorney, I was afraid and hesitant and knew I needed the absolute best. It is beyond understood why Spodek Law Group has a reputation of being the top, if not the best law firm in New York. Alex and Abigail were there every step of the way even at the most unconvenient hours. I could not have asked for more. They are extremely good at what they do and they delivered much much more than just winning my case. A big thank you to Alex and Abigail for all the guidance and counseling and their upmost loyal support that extended far more than just legally. If you need the absolute best than don't hesitate to hire Spodek Law Firm.
L.C.
L.C.
2021-02-24
Verified
I cannot tell you how thankful I am to Todd and Alex for their hard work and dedication to my case. I had never been in any trouble before but I had an unfortunate event occur and in the midst of COVID-19 at that therefore I knew I needed a team that was dedicated to my success. Today- my case has been finalized and I’m walking away with no record and can continue life as a mother and a Grad student worry free. I cannot express enough gratitude for their assistance.
AnnMarie Soliman
AnnMarie Soliman
2021-02-23
Verified
I received a summons and called Spodek law group for a free consultation. Alex took my call and was very quick and responsive. He was available anytime through multiple platforms and very reassuring when needed. They are extremely organized and thorough. They got my case dismissed! I’m very grateful. Thank you Alex and Todd!

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"Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them..."

David Bruce

"Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet."

Rowlin Garcia

"Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind."

Francis Anim
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