New York securities fraud attorneys Russ Kofman and Arthur Lebedin release a new article (https://www.lebedinkofman.com/practice-areas/criminal-defense/fraud/securities-fraud/) explaining the different types of securities fraud offenses. The lawyers say in the article that under 18 USC §1348, a person who executes a scheme to defraud any person in connection with any security or obtains any money or property related to the purchase or sale of security shall be guilty of securities fraud.

“The federal government is the primary governmental authority responsible for prosecuting securities fraud. The Securities and Exchange Commission (SEC) is the central agency responsible for securities fraud crimes. The agency has five commissioners who are appointed by the President of the United States. The agency enforces federal securities laws, proposes securities rules, and regulates the securities industry,” the article from the New York securities fraud attorneys says.

New York securities fraud attorney

Attorney Russ Kofman explains that when an individual makes a false statement about a company or the value of its stock and makes people believe this false information, they will be committing a securities fraud. The lawyer adds that there are a few forms of securities fraud. The first type is securities fraud committed by a company, and the second one is called insider trading.

Defense attorney Arthur Lebedin adds that securities fraud committed by a company happens when the officer or director of a corporation does not accurately report the financial information of the company to its shareholders. The lawyer also explains that the other type of securities fraud, insider trading, occurs when the individual uses confidential information about a company to make decisions about whether to buy or sell the stock.

According to attorney Kofman, “A conviction under 18 USC §1348 can have serious consequences. Securities fraud is punishable by up to 25 years in prison. Additionally, securities fraud can involve very high fines depending on the circumstances of the case. Usually, the fines will amount to approximately $250,000, but in certain cases, fines of up to $5 million may be issued.”

Lastly, attorney Kofman emphasizes the importance of having a skilled lawyer when facing charges of securities fraud. An experienced lawyer may be able to help the defendant understand their rights and protect their freedom.

About Lebedin Kofman LLP

Russ Kofman and Arthur Lebedin are seasoned, aggressive litigators handling cases in both the state and federal courts. Together, they manage the Lebedin Kofman Law firm. They handle civil rights cases as well as family law, high-net-worth divorce, and highly contested custody cases. Attorney Kofman and attorney Lebedin believe in their clients and work hard to fight for their rights and help them receive the best possible outcome for each of their cases. Call today to speak with an experienced attorney: (646) 663-4430.

Lebedin Kofman LLP

26 Broadway 3rd floor, New York, NY 10004, United States

(646) 663-4430

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For more information about Lebedin Kofman LLP, contact the company here:

Lebedin Kofman LLP
Arthur Lebedin
(646) 663-4430
26 Broadway 3rd floor, New York, NY 10004, United States

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