Securities fraud is a very serious crime in Nevada. In the wake of the financial crisis, authorities are stepping up oversight of stockbrokers, accountants, promoters and traders. Sentences may include years in prison, huge fines, and a marred record that could hurt your future job prospects.
Also called “stock fraud” and “investment fraud,” securities fraud in Las Vegas, Nevada, is generating false information to induce investors to buy or sell stocks. Common scenarios of securities fraud include the following:
- A broker creating a fake account
- A public company insider buying or selling the company's stock based on non-publicly-disclosed information (also called “insider trading”)
- A broker investing client funds in risky ventures without disclosing the risk factor to the client (“unsuitability”)
- A broker trading client funds without their permission (“unauthorized trades”)
- A broker selling or buying securities to obtain an extra commission for themselves (“churning”)
- A broker putting all or most of a client's funds into one investment instead of spreading it out to lessen the risk (“over-concentration”)
If you are being investigated for securities fraud in Nevada, call our Las Vegas criminal defense lawyers at 702-DEFENSE (702-333-3673). We will be happy to schedule a free meeting right away to talk about your case and possible defense strategies.
Go back to our main page on Nevada fraud crimes.
To read about California securities fraud law, please see our informational article on California securities fraud law.