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Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.

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People Vs. Anna Sorokin

Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.

Faced 3+ Years in Prison

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Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.

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Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.

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Meet Todd Spodek


The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.

Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.

In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.

Why Clients Choose Spodek Law Group

The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.

We’re selective about the clients we work with, and only take on cases we know align with our experience – and where we can make a difference. This is different from other law firms who are not invested in your success nor care about your outcome.

If you have a legal issue, call us for a consultation.
We are available 24/7, to help you with any – and all, challenges you face.

Federal Insider Trading Defense Attorney

By Spodek Law Group | November 11, 2016
(Last Updated On: July 28, 2023)

Last Updated on: 28th July 2023, 07:17 pm

Cracking Down on Inside Secrets: All About Insider Trading

Alright, let’s dive into the nitty-gritty of insider trading. You see, Wall Street and the securities industry may be thrilling, mysterious, and all that jazz, but they’re no place for playground bullies or folks trying to sneak in with some hidden info. Now, the powers that be in these financial markets, such as the SEC, run a tight ship to ensure fairness in their backyard. Their little rule goes something like this: nobody, and I mean nobody, gets to play with insider information to influence a stock’s value — none of that buying, selling, or any other trick to jostle its price.

The Ins and Outs of Insider Trading

Imagine you’re at the horse races and someone from the stable whispers in your ear that a certain horse is guaranteed to win. Smells fishy, right? Insider trading works the same way. It’s when someone gets a hot tip, some info that the public isn’t privy to, or maybe even gets the lowdown ahead of everyone else. Some folks think it’s their lucky day. But, my friend, it’s not.

Take this as a hypothetical scenario: Company X is going to drop its first quarter earnings at 1 p.m., which could send ripples through the stock market if the numbers don’t match expectations. Now, picture getting a tipoff at 11 a.m. that Company X’s stocks are going to skyrocket. Riding on this secret, you snag 100 shares just before the numbers are released.

The stars may align in two ways for you: one, you could cash in when the stock’s value shoots up after the outperforming earnings report is unleashed. Alternatively, the simple act of you buying the shares could nudge its value higher as the market reacts, thereby raking in some profit for yourself.

Paying the Piper: The Penalties of Insider Trading

Alright, let’s talk consequences for insider trading. The scale tips on the breadth of these shady dealings and how gung-ho you were about defrauding the market. Let’s say you innocently thought you’d lucked into a hot tip before deciding to buy or sell, the verdict might require you to return your not-so-hard-earned gains.

But what happens if you popped the cork intentionally, trying to twist and mold the market to your whims? Well, my friend, you could be facing steep fines and even time behind bars. Not to mention, coughing up restitution if your cunning maneuvers influenced retirement funds or independent investors to act on cooked-up information. Horrifying as it may sound, you could see the inside of a federal prison for 10-20 years or more, coupled with fines that could scrape the million-dollar mark, or more. Big-time investing firms getting their hands dirty could also bear the brunt of fines or civil penalties.

Don’t Burn Bridges: The Reputation Stakes

If said accusations about insider trading start flying your way, your reputation as a go-to trader could be tossed in the mud, ruined for life. Any shiny credentials you’ve worked hard to earn, such as being a CPA, you may have to kiss goodbye. Not to mention, you might be stripped of your privileges and licenses to trade stocks or gather moolah informally to oversee on behalf of others.

Calling in the Cavalry: Todd Spodek and the Spodek Law Group

So, what happens now? You get Todd Spodek and the Spodek Law Group on your side, that’s what! An attorney will help you lock horns with that insider trading charge. For instance, your attorney could claim that you were coerced into trading, even though you sensed it was offside. They might even provide evidence if you tried to blow the whistle or spill the beans.

Even if that doesn’t toss out the charge, coming clean could lighten your sentence. There might be the possibility of immunity, or another form of plea bargain, awaiting you if you cooperate with the government in their case against your firm or other fellows involved in the insider trading gig.

On top of all that, your legal advisor could junk a charge by having evidence quashed or dismissed. Expert witnesses might cast doubt over any evidence leveraged against you during trial, potentially leading to a hung jury or swaying the jury in your favour.

If you’re facing charges for insider trading, for heaven’s sake, chat with an attorney ASAP. Sooner you seek advice from the pros, easier it’ll be to cook up a defense that could help you square off the charge or steer the situation towards a favourable outcome.

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I was searching for a law firm with some power to help me deal with a warrant in New York . After 6 days I decided to go with Spodek Law Group. It helped that This law firm is well respected by not only the top law firms in New York , but the DA , Judge as well. I...

~Fonder Brandon

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It was my good fortune to retain Spodek Law Group for representation for my legal needs. From the beginning, communication was prompt and thorough. Todd, Kenneth and Alex were the first people I worked with and they all made me, and my company Qumana skincare feel comfortable and confident that the team was going to work hard for me. Everything...

~A G

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After meeting with several law firms, I chose the Spodek Law Group not only for their professionalism and experience, but for the personal attention given to me right from the initial consultation. It is important to recognize how crucial having the right legal team is when faced with potentially life altering events that impact families and the lives of loved...

~George Cherubini

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