Utah Insider Trading Lawyer

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

Call Us Now: 800-760-0912

If you are under an SEC insider trading investigation in Utah, the stakes are high. The U.S. Securities and Exchange Commission (SEC), often working with the Department of Justice (DOJ), aggressively investigates and prosecutes illegal insider trading using sophisticated surveillance tools, big data analytics, and whistleblower tips from the public. These white-collar investigations can be complex, fast-moving, and highly consequential. Immediate legal representation is crucial.

David R. Chase, Esq., a former SEC enforcement attorney and nationally acclaimed SEC defense attorney, provides experienced, strategic defense for individuals and companies under SEC investigation, including insider trading. Mr. Chase, based in Florida, defends clients nationwide, including corporate professionals, executives, individual retail investors, and registered brokers and financial advisors in Utah’s growing tech, finance, and investment sectors.

What Is Insider Trading?

Insider trading occurs when an individual buys or sells securities based on material, nonpublic information (MNPI) obtained in violation of a fiduciary duty or a relationship of trust. These cases can involve corporate executives, employees, consultants, or anyone who receives confidential information and misuses it for financial gain.

There are two types of insider trading recognized under the securities laws:

Classical Insider Trading

Occurs when a corporate insider (such as an executive, director, or employee) trades on confidential company information or tips someone else who then trades in violation of a breach of duty. Both the tipper and tippee can be held liable.

Misappropriation Theory

Applies when someone outside the company, like a lawyer, CPA or consultant, lawfully receives confidential information but then misuses it for personal gain through securities trading thereby violating a fiduciary duty or confidentiality contractual provision.

Penalties for insider trading can be life-changing and may include:

Significant civil monetary penalties

Disgorgement of illegal profits or trading losses avoided through sales before news

Bars from serving as an officer or director of a public company

Criminal prosecution and potential imprisonment in DOJ cases

Why the SEC Targets Insider Trading in Utah

Utah is one of the fastest-growing states in the United States, with a rapidly expanding technology sector known as “Silicon Slopes.” The state is home to numerous publicly traded companies, venture capital firms, investment funds, and a thriving community of entrepreneurs. With this level of economic activity, the SEC maintains a strong presence in the region with an office in Denver, Colorado.

The SEC monitors trading activity linked to Utah-based companies and professionals, using data analytics, whistleblower tips, and regulatory coordination to identify suspicious stock trading patterns. Whether you are an executive at a publicly traded company, an investor, or a consultant with access to confidential information, you may be subject to SEC scrutiny if your trading behavior raises red flags.

If you have received an SEC subpoena or suspect you may be under investigation, taking swift action is essential to protect your rights.

Why You Need an Experienced SEC Defense Attorney

Insider trading allegations require a specific set of legal skills. You need an attorney who understands federal securities laws, SEC investigation procedures, and effective defense strategies. David R. Chase brings this experience to every case, having handled insider trading matters from both sides — both as an SEC enforcement attorney and, for the last twenty-five years, as a defense lawyer.

Why Choose David R. Chase?

Former SEC Enforcement Attorney

Mr. Chase spent years in the SEC’s Enforcement Division holding the position of Senior Counsel, leading complex insider trading and securities fraud investigations. His insider knowledge of SEC procedures is a powerful asset for his clients.

Focused SEC Defense Practice

Since leaving the SEC, Mr. Chase has built a law practice dedicated to defending individuals and companies under SEC investigation. Insider trading defense is a core focus of his national practice, and has been for decades.

Nationwide Representation

Based in Florida, Mr. Chase represents clients throughout the United States, including in Utah. He regularly handles SEC subpoenas, SEC Wells Notices, settlement negotiations, and enforcement actions.

Personalized, Strategic Defense

Every case is directly handled by Mr. Chase, who develops a custom legal strategy based on the specific facts and goals of each client designed to avoid SEC charges.

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

If you have received an SEC subpoena, a Wells Notice, or believe you may be under investigation for insider trading, do not engage with SEC enforcement staff without first consulting an experienced Utah insider trading lawyer. Even casual conversations can be used against you.

David Chase will:

Advise you on your legal rights and obligations
Serve as your primary point of contact with SEC enforcement staff
Assist you with subpoena compliance and document production to the SEC
Evaluate the evidence and build a strong, proactive defense
Negotiate with regulators to avoid charges or, if required, settle the case

Taking immediate action with the help of an experienced securities attorney can dramatically improve your chances of a favorable outcome.

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

If you are facing insider trading allegations or have received an SEC subpoena in Utah, 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, case results, and SEC defense services.

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