Receiving an SEC subpoena, Wells Notice, or learning that you are the subject of an SEC investigation naturally leads to a critical, pressing question: Will the SEC actually file charges against me? The answer depends on far more than whether the SEC believes a violation of the federal securities laws occurred.  During my years as...Read More

The moment you receive an SEC subpoena or a Wells Notice, a natural knee-jerk reaction is to search for the most prominent criminal defense firm available.  It is common to look for firms that feature large rosters of former Department of Justice (DOJ) prosecutors. While that approach makes sense for criminal investigations and already indicted...Read More

When you are facing a high-stakes SEC investigation, you cannot afford to hire an attorney who has neither the experience nor expertise in understanding how the government builds and prosecutes its case.   Federal securities enforcement is highly specialized, often moving quickly from informal inquiries to formal investigations and then to potentially life-changing enforcement actions.  Successfully navigating...Read More

Receiving a subpoena or a Wells Notice from the U.S. Securities and Exchange Commission (SEC) is a high-stakes, potentially life-altering situation.  When the SEC’s crosshairs lock onto an individual or corporate target, the immediate instinct and often perceived “safe play” is to retain a national “Big Law” firm.  However, law firm size does not necessarily...Read More

If the SEC just sent you a Wells notice, you’re likely feeling one of two emotions: severe panic, or a strange sense of relief that the wait after a long, nerve-wracking investigation is finally over (or perhaps a little of both). A Wells notice is one of the most consequential letters a person or company...Read More

David R. Chase, Esq., principal of the Law Firm of David R. Chase, P.A., was recently quoted in a feature article published by Missouri Lawyers Media titled “Prediction Markets Open Insider Trading Minefield for Corporate Counsel.” The article examines the rapid growth of prediction markets, including platforms such as Kalshi and Polymarket, and the increasingly...Read More

A Former SEC Enforcement Attorney Explains How to Avoid Common, Yet Potentially Costly, Errors Receiving a SEC subpoena, a voluntary document request for information, or a cold call from aggressive lawyers at the U.S. Securities and Exchange Commission (SEC) is no doubt a highly stressful event often triggering confusion, panic and fear.   Regardless of whether...Read More

FORT LAUDERDALE, FL — June 17, 2026 — The Law Firm of David R. Chase, a premier, national SEC defense law firm, proudly announces that Chambers and Partners recognized its principal, David R. Chase, with a prestigious Band 1 ranking in Litigation: Securities – Florida, USA Guide, for 2026, marking the fifth consecutive year he has...Read More

Few events in life trigger immediate panic like receiving a SEC subpoena or getting an unannounced call from the staff of the SEC’s Market Abuse Unit asking about a particular stock trade you made, whether recently or years ago. These investigations typically originate with an invisible trigger: an automated algorithm at FINRA or the SEC...Read More

On June 4, 2026, the U.S. Supreme Court handed a game-changing, unanimous victory to the Securities and Exchange Commission in Sripetch v. SEC.  Writing for the Court, Justice Neil Gorsuch clarified and resolved a highly debated question in the SEC enforcement defense arena:  Does the SEC have to prove that investors suffered actual out-of-pocket financial...Read More