What Is Securities Fraud?
Securities fraud happens in every state, and Texas is no exception. Most types of securities fraud take place when someone intentionally gives false information about a business or its stock value which influences someone else to take a financial action. Here are a few examples of types of securities fraud.
Insider trading happens when someone in a position to know about a company’s situation, such as an accountant, uses that confidential financial knowledge to sell or purchase stock before the state of the company is made public. This action is a crime, and when accused, the person must seek legal assistance. Plano criminal lawyers have overseen many cases like these.