Maryland Insider Trading Lawyer

Under SEC Investigation for Insider Trading?
What You Need to Know

Call Us Now: 800-760-0912

If you are under SEC investigation for insider trading in Maryland, you are dealing with a serious legal matter that can impact your reputation, career, and financial future. The U.S. Securities and Exchange Commission (SEC) aggressively investigates and prosecutes insider trading cases using advanced surveillance, data analytics, and whistleblower tips. Immediately retaining seasoned and knowledgeable legal representation is critical to safeguarding your interests.

David R. Chase, Esq., a former SEC enforcement attorney and nationally recognized SEC defense attorney, provides strategic, personalized defense for individuals and companies under SEC investigation, particularly including insider trading. Based in South Florida, Mr. Chase defends clients nationwide, including securities professionals, company executives, individual investors, and registered financial advisors in Maryland’s diverse economic landscape.

What Is Insider Trading?

Insider trading occurs when someone buys or sells securities based on material, nonpublic information (MNPI) obtained in violation of a duty of trust or confidentiality. These cases are not limited to corporate executives; in fact, anyone who receives and misuses confidential information for securities trading can be targeted by the SEC.

There are two principal recognized theories of insider trading:

Classical Insider Trading

Occurs when a corporate insider (such as an executive, director, or employee) trades based on confidential company information or tips someone else who then trades. Both the tipper and the tippee can be held liable if the information was improperly shared and a benefit obtained by the tipper.

Misappropriation Theory

Applies when someone who legally has access to confidential information (such as a lawyer, advisor, or consultant on a project) misuses it for personal securities trading in breach of a fiduciary or confidentiality duty.

Penalties for insider trading can include:

Civil fines

Disgorgement (return) of illegal profits, plus prejudgment interest

Bars from serving as an officer or director of a public company, whether permanent or temporary

Federal criminal prosecution and imprisonment in Department of Justice prosecutions

Why the SEC Targets Insider Trading in Maryland

Maryland is home to a wide range of industries, including healthcare, biotechnology, financial services, defense contracting, and government consulting. The state’s proximity to Washington, DC, means that many professionals in Maryland have access to highly sensitive information, including nonpublic corporate data, government contracts, and regulatory developments.

The SEC monitors trading activity in Maryland closely, particularly given the concentration of federal contractors, technology firms, and publicly traded companies. Through data analytics, whistleblower submissions, and regulatory coordination, the SEC can detect suspicious trading patterns and launch insider trading investigations quietly and on a non-public basis.

If you have received an SEC subpoena or believe you may be under investigation, prompt action in retaining legal counsel is critical to protecting your rights.

Why You Need an Experienced SEC Defense Attorney

Successfully defending against insider trading allegations requires more than general legal knowledge. It demands a deep understanding of securities law, SEC enforcement procedures, and federal investigation tactics. David R. Chase offers this unique combination of skills and insights honed after thirty-years.

Why Choose David R. Chase?

Former SEC Enforcement Attorney

Mr. Chase spent years in the SEC’s Enforcement Division, where he led complex insider trading and securities fraud investigations. His insider knowledge of the SEC’s investigatory and prosecutorial methods is a powerful asset for his clients.

Focused SEC Defense Practice

Since leaving the SEC, Mr. Chase has dedicated his practice entirely to defending clients under SEC investigation. Insider trading defense has been, and continues to be, a core component of his nation-wide practice.

Nationwide Representation

Mr. Chase, based in Florida, represents clients throughout the United States, including in Maryland. He handles SEC subpoenas, Wells Notices, settlement negotiations, and enforcement actions around the country.

Personalized, Strategic Defense

Every client’s case is personally managed by Mr. Chase, who develops a tailored legal strategy based on the specific facts and goals of each case designed to avoid his clients from being charged.

What to Do If You’re Under Investigation for Insider Trading

If you have received an SEC subpoena, a SEC Wells Notice, or suspect you may be the subject of an insider trading investigation, do not speak with SEC investigators without first consulting with an experienced Maryland insider trading lawyer. Even innocent or casual comments made to Government lawyers without the benefit of counsel can have serious negative consequences.

David Chase will:

Advise you on your legal rights and responsibilities under the federal securities laws
Serve as your point of contact with the SEC enforcement staff
Assist with subpoena compliance and document production
Evaluate the evidence and build a strong, proactive defense
Negotiate with regulators to avoid charges or minimize penalties

Early intervention by experienced SEC legal counsel can dramatically increase your chances of a favorable outcome.

Contact Maryland Insider Trading Lawyer David R. Chase, Esq. Today

If you are facing insider trading allegations or have received an SEC subpoena in Maryland, don’t wait. A knowledgeable SEC defense attorney can protect your rights, reputation, and financial future.

Call David R. Chase, Esq. at 800-760-0912 for a confidential consultation. You can also visit www.securitiesfrauddefense.net to learn more about his background and prior successful case results.

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