YOU MAY HAVE SEEN TODD SPODEK ON THE NETFLIX SHOW INVENTING ANNA
When you’re facing a federal issue, you need an attorney whose going to be available 24/7 to help you get the results and outcome you need. The value of working with the Spodek Law Group is that we treat each and every client like a member of our family.
Client Testimonials
5
THE BEST LAWYER ANYONE COULD ASK FOR.
The BEST LAWYER ANYONE COULD ASK FOR!!! Todd changed our lives! He’s not JUST a lawyer representing us for a case. Todd and his office have become Family. When we entered his office in August of 2022, we entered with such anxiety, uncertainty, and so much stress. Honestly we were very lost. My husband and I felt alone. How could a lawyer who didn’t know us, know our family, know our background represents us, When this could change our lives for the next 5-7years that my husband was facing in Federal jail. By the time our free consultation was over with Todd, we left his office at ease. All our questions were answered and we had a sense of relief.
Insider Trading: A Serious Crime with Severe Consequences
Insider trading is a serious crime that can result in significant penalties and a tarnished reputation. If you are facing allegations of insider trading, it is essential to hire a federal criminal defense attorney to defend you.
Insider trading occurs when an individual uses non-public information to make securities transactions. This information could be anything from company financials to information about upcoming mergers or acquisitions. The individual may be an employee of the company, a family member of an employee, or someone else who has access to this information.
Insider trading is illegal because it gives the individual an unfair advantage over other investors. It allows them to make informed decisions based on information that is not readily available to the public.
Penalties for Insider Trading
Penalties for insider trading can be severe. They can include:
If you are looking for a lawyer that listens, is aggressive where needed, and holds his word above all else, Todd is the best pick. I had hired multiple attorneys prior to hiring the Spodek Group for a white collar case. The first thing that stood out to me was the cost, as anyone going through the process and dealing with the system, money was tight at that time - especially after hiring and firing multiple lawyers. The cost was not as high as others which was definitely a plus. Todd's intake process was also unlike other attorneys. He took the time to actually listen. He cared. He was trying to put himself in my shoes while I was explaining the situation to him and he really took the time to understand the whole situation. Other lawyers will give you 15 mins and send you a retainer agreement. Not Todd, I think he spent almost two hours with me as I was explaining everything.Not only was he great during the onboarding process, he was supportive and very informative through the entire plea process and eventually sentencing. After hiring him, I asked if I should hire a prison consultant, he told me to save my money as he would do everything they would. He was right and held up to his word. Later on I would hear from others that went with the prison consultants that they were a waste of money - I am glad I listened to Todd!When it came time for sentencing, two days prior to sentencing, the prosecutor tried increasing my proposed prison time by almost double - apparently a normal move. Todd and his team worked with me non-stop through the weekend prior to sentencing to ensure that I was not given additional prison time. Again, he took the time to listen and came up with a strategy to explain the case with great detail.Unfortunately, I did plead guilty as that was my best option. Todd and his whole team wrote up nearly 300 pages of a summary of what happened and why I should not be given prison time. If I breakdown the amount I spent with Todd versus the amount of work that I saw being done, I am shocked I was not charged four times as much. The other benefit was, a lot of criminal defense lawyers were just a single attorney with a paralegal or two. Todd had a team of people that I dealt with (5-7 people that I interacted with), but he was ALWAYS accessible. It would never take him more than an hour to reply unless he was in court.I was sentenced to prison and I was emotionally distraught. Todd and his team did whatever they could even after sentencing to make sure I was alright. He personally stayed in touch with my family to ensure I was doing alright and offered support to them. Most lawyers would consider the job complete at sentencing, not Todd.After prison, Todd still spent time with me to make sure I was on the right track and avoiding any potential risks in the future. He has also been giving advice on how to navigate probation etc and has not been looking at the clock for billing.Although I wish I had never been arrested in the first place, I am glad I had Todd and his team in my corner. Without them I likely would have had to spend a lot more time in prison than I did.Thank you, Todd, and the entire Spodek Law team, for helping turn what was a nightmare into a manageable situation!
I am immensely grateful to the entire team at Spodek Law Group for their unwavering dedication and exceptional expertise throughout my case. From our initial consultation to the final resolution, their professionalism and tireless advocacy made all the difference. Their strategic approach and attention to detail instilled confidence in me every step of the way.Thanks to their hard work and commitment, we achieved a truly favorable outcome that exceeded my expectations. Not only did they navigate the complexities of my case with precision, but they also provided invaluable support and guidance during what was undoubtedly a challenging time. I cannot recommend Spodek Law Group highly enough, especially attorneys Todd Spodek and Claire Banks; they are beacons of excellence in the legal profession.YSP.
Todd, Ralph and Alex are amazing. Helped my husband get from a double digit number with multiple charges to a single digit, by the time I blink he will be out. They very professional and help with all your needs. They dealt with my anxiety and worry very well and they understand that your family member needs to get home as soon as possible.
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence.Thank you team!
I recently had Spodek Law Group represent me for a legal matter in NYC and I am thoroughly impressed with their services.Alex Zhik secured the best possible outcome for my case.It was a seamless journey from the initial consultation to the resolution of my legal matter. From the moment I spoke to Todd about my case, his enthusiasm to help was evident, setting a positive tone for the entire experience. The efficiency and professionalism displayed by the team is commendable.A particularly noteworthy aspect of their service is their user-friendly portal to upload your documents/evidence. This not only simplified the process, but showcases their commitment to streamline the client experience.Lastly, in an industry where legal fees can often be a concern, I found their pricing to be very reasonable, making needing legal assistance feel accessible and stress-free.I am grateful for their support and wouldn't hesitate to turn to them again in the future.
Fines
Imprisonment
Ban on serving as a corporate officer or director
Civil penalties
Paying back any profits made from the illegal trading
If you are facing insider trading allegations, it is crucial to hire a federal criminal defense attorney. An experienced attorney can help you navigate the complex legal system and protect your rights. They can also help you build a strong defense against the allegations.
Potential Defenses to Insider Trading Allegations
There are several potential defenses to insider trading allegations:
The individual did not have access to the non-public information
The individual did not trade on the information or did not make a profit from the trade
The individual believed the information was not material or that they did not know it was non-public
The individual received the information from a third party and did not know it was illegal
An experienced federal criminal defense attorney can help you evaluate your options and determine the best defense strategy. They can also help you navigate the legal process and protect your rights.
Insider Trading is a Serious Crime
Insider trading refers to the illegal practice of buying or selling securities, such as stocks, based on material non-public information. This type of information is not available to the general public and is often obtained through an individual’s job or position within a company. Insider trading is considered illegal because it gives an unfair advantage to the individual trading on the non-public information, allowing them to make profitable trades that the general public is not privy to.
Insider trading is a violation of the Securities and Exchange Commission’s (SEC) regulations, which are in place to protect investors and maintain the integrity of the securities markets. The SEC has the authority to investigate insider trading cases and bring charges against individuals who are found to have engaged in the illegal practice.
There are several different types of insider trading, including:
Buying or selling securities based on material non-public information
Tipping others about the non-public information
Trading on the basis of such tipped information
Giving non-public information to others in exchange for something of value, such as cash or other securities
Insider trading is a serious offense and can result in significant penalties for those found guilty of engaging in the practice. The SEC can impose fines, disgorgement of profits, and even prison time for individuals who are convicted of insider trading. In addition to facing legal consequences, those found guilty of insider trading may also face damage to their reputation and career.
Insider trading cases are often difficult to detect and prosecute, as the individuals involved are often careful to conceal their activities. The SEC uses a variety of methods to uncover insider trading, including surveillance of trading activity, analysis of trading patterns, and tip-offs from whistleblowers.
In order to prevent insider trading, it is important for individuals with access to material non-public information to maintain strict confidentiality and not use the information for personal gain. Companies can also implement policies and procedures to prevent insider trading, such as requiring employees to report any securities transactions and prohibiting the use of material non-public information for trading purposes.
Insider trading can have significant negative effects on the securities markets, as it undermines investor confidence and can lead to unfair and unequal treatment of investors. It is important for regulators, such as the SEC, to continue to enforce regulations against insider trading in order to protect the integrity of the markets and ensure fair and equal treatment of all investors.
Overall, insider trading is a serious offense that can have significant consequences for individuals and companies found guilty of engaging in the practice. It is important for individuals with access to material non-public information to maintain confidentiality and for companies to implement policies to prevent insider trading. Regulators must continue to enforce the laws against insider trading to protect the integrity of the securities markets.
