A charge of insider trading can have serious criminal and civil consequences for the accused. In fact, frequently, the accused will face parallel investigations by both the U.S. Attorney’s Office and the U.S. Securities and Exchange Commission. In addition, local state authorities are increasingly pursuing securities fraud prosecutions, including insider trading cases. A knowledgeable defense attorney can make a difference in an insider trading case. This article will review both the legal aspects of an insider trading case as well as the techniques investigators use to uncover and investigate insider trading. Read Robert Heim's full article.
The U.S. Department of Homeland Security (DHS) released its final rules for public inspection, vastly constricting the number of immigrants who might be deemed eligible for lawful permanent residence. As previously detailed in our October 2018 article, applicants for permanent residence must prove under current law that they would not likely become public charges to the United States and rely on public benefits. Now, the grounds for determination will be expanded to include those with limited income, lack of education and skills, age or health-related issues.
The Securities Exchange Act of 1934 (Exchange Act) is the principal law that regulates broker-dealers in the United States. The Exchange Act governs transactions in securities markets and regulates persons who effect such transactions. The individual states also regulate broker-dealer activities within their borders under state securities or “blue sky” laws.
On June 17, U.S. Citizenship and Immigration Services (USCIS) announced it is embarking upon a strategy to decrease processing times based on location for applications for U.S. citizenship and applications for adjustment of status.