The federal Securities and Exchange Commission oversees the
nation’s securities markets. It is
well-funded and has the resources aggressively to investigate and enforce
alleged violations of the numerous and complex securities laws and regulations.
It has offices around the country including
Denver.
Investigations typically start with a letter requesting
documents and other information, or (eventually) a subpoena compelling the
production of that material and possibly testimony. Subpoenas can also go out to third-parties,
like accountants, former employees, customers and others who may have relevant
information.
Though typically civil in nature, SEC proceedings can lead
to criminal charges at the state and federal level. The SEC usually gets involved by way of a
referral from another law enforcement agency, a tip from some other person, computer-monitored
trading practices, and even media reports.
Most cases with the SEC are settled.
However, the closing of an SEC investigation does not in itself preclude
the possibility of other civil or criminal actions by other state or federal
agencies.
Responding to SEC (and most any regulator) investigations and
related proceedings requires a prompt, careful and global strategy. Experienced, reliable and responsive legal
counsel can make a huge difference. Count
on Sanderson Law, P.C.,
303-444-8846, to help.
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