Nashville Insider Trading Attorney

Insider training is not always an illegal act. For example, when an investor buys or sells stock in their own company, they are engaging in insider trading. The act becomes illegal when the investor is acting on information that is not available to the public. It can be difficult to know if you are engaged in illegal insider trading, but it often occurs when someone with confidential company or government information decides based on that information either to trade stock or to tip off others to do the same.

If you have been accused of insider trading, it is important to have your facts straight, and to have someone on your side who knows how to incorporate these facts into a solid defense. A Nashville insider trading attorney from Horst Law can build your case and help to fight charges.

Penalties for Insider Trading

The Securities and Exchange Commission, or SEC, is the government agency that enforces insider trading regulations. If the SEC convicts of you of insider trading, you could face criminal penalties including:

  • Prison sentences of up to 20 years
  • Individual fines of up to $5,000,000
  • Fines to your corporation of up to $25,000,000

These penalties can upend your life, disrupt your finances, and hurt your company, but the penalties do not end with the criminal case. If convicted, you could also face an injunction that would allow others who claim they lost money because of the trading to sue you for civil penalties including:

  • Individual penalties equaling the profit gained or losses avoided from the trading
  • Penalties to your corporation of up to three times the profit gained or losses avoided from the trading, or $1,000,000, whichever is greater

Avoiding a criminal conviction can save you not only from criminal penalties, but also from opening the floodgates for civil penalties. To avoid all of these penalties, it is important to start building your case as soon as possible.

Contact a Nashville Insider Trading Attorney Today

The Nashville criminal defense attorneys at Horst Law have experience defending against allegations of white-collar crimes, including illegal insider trading. The SEC can start investigating long before they bring charges, and it is never too early to fight back. The sooner you start building your defense, the more likely you will avoid a conviction or even being charged at all. Call Horst Law at (615) 403-2971 to begin working with a Nashville insider trading attorney today.