David R. Chase, P.A.
Call Us Now: 800-760-0912
Call Us Now: 800-760-0912
If you are under SEC investigation in Michigan, the potential consequences could be life-changing. The U.S. Securities and Exchange Commission (SEC), often working in tandem with the Department of Justice (DOJ), takes an aggressive approach to insider trading enforcement. Investigations often begin quietly on a non-public basis, with the SEC using trading data analysis, whistleblower tips, and surveillance to develop their cases. By the time you are contacted, the SEC may have already developed compelling evidence against you.
David R. Chase, Esq., a nationally recognized SEC defense attorney and former SEC prosecutor, offers strategic legal representation to individuals targeted in insider trading investigations. While based in South Florida, Mr. Chase represents clients nationwide, including securities industry professionals, pharma and biotech directors, investors, corporate executives, and individuals across Michigan — from Detroit and Ann Arbor to Grand Rapids and Lansing.
Insider trading involves the purchase or sale of securities based on material, nonpublic information (MNPI) obtained through a breach of trust or fiduciary duty. Contrary to popular belief, insider trading liability is not limited to company executives; it can apply to anyone who trades on or improperly shares confidential information.
There are two main theories of insider trading:
When a corporate insider (like an executive or employee) trades their company’s securities using MNPI, or tips someone else who does, in breach of a fiduciary duty.
When an individual lawfully obtains MNPI, such as a consultant, attorney, or accountant, but then misuses it for trading purposes to personally profit in breach of a confidentiality obligation.
Michigan is a major center for business and innovation, with a strong presence in automotive, manufacturing, technology, healthcare, and higher education. It is home to numerous public companies and financial institutions, as well as major universities and research hospitals with access to market-sensitive information.
Cities like Detroit, Ann Arbor, and Grand Rapids are home to executives, financial advisors, private equity professionals, and others involved in securities trading or transactions. The SEC closely monitors unusual trading activity linked to these individuals, especially before major announcements such as mergers, acquisitions, product releases, or quarterly earnings results.
If you have received an SEC subpoena or suspect that you are under investigation, it is vital to retain an experienced Michigan insider trading lawyer immediately to protect your interests and put in place an effective strategic defense.
Insider trading cases are legally and factually complex. The SEC often relies on circumstantial evidence, like phone records, trading activity, and personal connections to build a case. To beat an insider trading investigation, you need an attorney with a unique perspective from both sides of the process. David R. Chase offers that advantage. As a former SEC enforcement attorney, he understands how the agency investigates, prosecutes and settles these cases and, most importantly, how to successfully defend against them.
If you’ve received an SEC subpoena or a Wells Notice, do not go at it alone. Even informal, “innocent” conversations can result in statements that the Government will use against you.
David R. Chase will:
Early intervention by a skilled SEC defense attorney may be the difference of being charged or not.
If you’re facing insider trading allegations or an SEC investigation in Michigan, don’t wait. Your career, finances, and freedom may be on the line.
Call David R. Chase, Esq. today at 800-760-0912 for a confidential, no-cost consultation. You can also visit www.securitiesfrauddefense.net for more information about Mr. Chase’s SEC defense experience, the SEC investigatory process and the firm’s prior successful results for its clients.
