South Florida Criminal Defense Lawyer Kenneth Padowitz, P.A. Can Protect Your Rights if Charged with Insider Trading
Insider trading is a white-collar crime that occurs when corporate officers and directors trade stocks in their own companies by using confidential insider information that Is not known to the public, resulting in harm to the company that they owe a fiduciary duty. This activity is prohibited under the Securities and Exchange Act of 1934 and other security laws. Hence, it is a crime to trade your own securities on insider information or to provide this information to others people for the purposes of committing insider trading. If you are prosecuted for insider trading, others who may also be investigated included corporate officers and directors, accountants, attorneys, financial professionals family members, and other confidants. Penalties for insider trading violations may include harsh imprisonment and heavy fines. Kenneth Padowitz, P.A. has established effective defense for professionals facing insider trading charges as well as other white-collar crime allegations in South Florida.