Virginia Securities Fraud Laws
Created by FindLaw's team of legal writers and editors | Last reviewed June 08, 2018
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The offense of securities fraud refers to both criminal and civil offenses; the term is used to describe unlawful activities surrounding investor opportunities and the trade and sales of stocks and bonds and other securities. Because the offense is a form of fraud, the perpetrator uses deceptive behavior to influence others to take specific actions concerning securities, often resulting in financial losses.
If a person engages in accounting fraud, insider trading, or investment fraud, such as a pyramid scheme or Ponzi scheme, in Virginia, they can be charged with securities fraud in violation of Virginia law, federal law, or both.
Overview of Virginia Securities Fraud Laws
When it's practical, it's helpful to review the relevant statutes in their entirety when researching a legal issue (especially when it involves criminal law). However, it's also useful and efficient to read a condensed version of the law written in easy-to-read language. See the chart below for a synopsis of Virginia's securities fraud laws.
Statutes |
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Elements of the Crime
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Unlawful Offers and Sales It is prohibited for any individual, relating to the offer or sale of any security (directly or indirectly) to engage in the following:
Unlawful Advice The following activities are prohibited for an individual advising another person regarding the value of securities or their purchase or sale:
Registration Registration is required to transact business in Virginia for the following individuals:
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Possible Penalties |
The actual penalties will depend on the specific circumstances of the case, but possible penalties include:
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Related Offenses |
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Note: State laws are always subject to change through the passage of new legislation, rulings in the higher courts (including federal decisions), ballot initiatives, and other means. While we strive to provide the most current information available, please consult an attorney or conduct your own legal research to verify the state law(s) you are researching.
Virginia Securities Fraud Laws: Related Resources
Accused of Securities Fraud? Discuss it with a Virginia Attorney
If you've been accused of securities fraud in Virginia, then you should get a handle on your case by getting expert legal help. Discuss this serious matter with an experienced white collar crime attorney who can confidentially assess your case, evaluate the evidence, and provide you with your strongest legal options.
Can I Solve This on My Own or Do I Need an Attorney?
- Complex criminal defense situations usually require a lawyer
- Defense attorneys can help protect your rights
- A lawyer can seek to reduce or eliminate criminal penalties
Get tailored advice and ask your legal questions. Many Virginia attorneys offer free consultations.
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