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MODESETT WILLIAMS PLLC

EXPERIENCED     TRIAL     LAWYERS

515 CONGRESS AVENUE

SUITE 1650

AUSTIN, TX 78701

OFFICE NUMBER: 512.472.6097

FAX NUMBER: 512.481.0130

Securities

                       Fraud

In light of the stock crash that led to the Great Depression, Congress enacted two landmark laws to regulate the sale of securities in the 1930s – the Securities Act of 1933 and the Securities Exchange Act of 1934. These laws prohibit fraudulent, deceptive, and manipulative practices in the sale of securities. Federal law also requires companies to provide complete and accurate information when a company sells securities in a public offering to protect its investors.

 

When a person or company, such as a stockbroker, brokerage firm, corporation or investment bank, misrepresents information that investors use to make decisions they commit security fraud.

 

Securities Fraud can also be committed by independent individuals (such as by engaging in insider trading). The types of misrepresentation involved in this type of securities fraud include providing false information, withholding key information, offering bad advice, and offering or acting on inside information.

 

When the fraud is revealed, stock prices decline, and shareholders can incur significant losses. Modesett Williams protects the rights of investors victimized by securities fraud by holding the companies and individuals who accountable and recovering losses for clients.

 

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