David R. Chase, P.A.
Call Us Now: 800-760-0912
Call Us Now: 800-760-0912
If you’re under investigation for insider trading in Chicago, your reputation, freedom, and financial future could be on the line. The U.S. Securities and Exchange Commission (SEC) aggressively enforces insider trading laws, utilizing advanced surveillance systems and frequently working alongside federal prosecutors. In such high-stakes cases, having a skilled legal advocate with insider knowledge of the SEC’s strategies is essential.
David R. Chase, Esq., a nationally recognized SEC defense attorney, offers strategic and vigorous legal representation for individuals and companies accused of insider trading. As a former SEC enforcement attorney, Mr. Chase understands how the SEC builds its cases—and more importantly, how to successfully defend against them. From his South Florida-based practice, Mr. Chase represents clients across the country, including those in Chicago’s financial sector.
Insider trading involves buying or selling a security while in possession of material, nonpublic information (MNPI), and doing so in violation of a duty of trust or confidentiality. The law targets corporate insiders—executives, directors, employees—as well as others who misuse confidential information for personal gain.
The SEC prosecutes two primary forms of insider trading:
Occurs when company insiders, like executives or board members, trade on MNPI. If that information is passed to another party (a “tippee”) who proceeds to trades on it, both the tipper (who provided the information) and tippee may face liability if the tippee knew or should have known the information was shared improperly by the tipper in breach of a fiduciary duty.
Involves individuals who are lawfully entrusted with confidential information (like consultants, lawyers, or accountants) but then wrongfully exploit it for their own financial benefit through securities trading.
Insider trading violations, which violate the anti-fraud provisions of the federal securities laws, can result in both civil enforcement by the SEC and criminal prosecution by the Department of Justice (DOJ), with potential consequences including:
Chicago is a major financial hub, home to exchanges like the Chicago Board Options Exchange (CBOE) and numerous financial institutions, hedge funds, and investment firms. With such a high concentration of market activity, the SEC and DOJ remain active in policing potential abuses, including insider trading.
Using tools like data analytics, algorithmic trade monitoring, and whistleblower submissions, the SEC often begins its investigations quietly. Many individuals are unaware they’re under scrutiny until they receive a SEC subpoena or are contacted by SEC enforcement staff via telephone, at which point the agency may already have built a compelling case.
If you’ve been approached by SEC or DOJ investigators, selecting the right legal counsel is one of the most important decisions you’ll make. You need a lawyer who not only understands securities law but also knows the inner workings of SEC enforcement procedures. That’s the perspective David R. Chase brings to every case.
If you receive an SEC subpoena or suspect you’re the target of an insider trading probe, it’s critical to seek legal representation immediately. Talking to SEC lawyers without an attorney can result in damaging admissions or missteps.
David Chase will:
Taking swift action with a seasoned Chicago insider trading lawyer can make a critical difference in the outcome of your case.
If you’re involved in an SEC insider trading investigation or have received a subpoena in Chicago, don’t delay. The earlier you engage an experienced SEC defense attorney, the more options you may have to protect yourself.
Call David R. Chase, Esq. today at 800-760-0912 for a confidential consultation. Visit www.securitiesfrauddefense.net to learn more about his practice, background, and successful results in defending complex SEC cases.
