At first, it seems like no big deal. Someone from the SEC calls and asks you to speak with them. You cooperate. You don’t think anything is wrong until you get notice of a formal investigation.
An IRS audit is bad. An SEC investigation is worse. Americans lost half their savings in 2002 to inexperienced and unscrupulous brokers, so the SEC is a lot more zealous than it used to be. If you ever get a call from the SEC’s division of enforcement, contact Stafford + Associates law firm before you talk to anyone.
The SEC Labyrinth
An SEC charge is a civil action. Often, the SEC charges people who were completely unaware that their activities ran afoul of federal regulation. They thought that they were merely giving strategic investment advice and trying to create the best investment strategy for their clients.
NASD regulations are numerous and complicated and breaking the rules is easier than you’d think. Even if you had no intention of breaking the regulations, you could find yourself the subject of an investigation. If the SEC visits you, contact us right away. The sooner you call in legal counsel, the better your chances.
All SEC regulations are federal law and apply across the United States. Therefore, although we are located in Kansas City, we serve clients nationwide.
Palm Beach County • Shawnee County • Polk County • Jackson County
Stafford + Associates
Stafford + Associates serves clients nationwide including the cities of Kansas City, Omaha, St. Louis, Denver, Dallas, Atlanta, Miami, Naples, New York, and Chicago.
The contents of the website are for informational purposes only. The website does not provide any specific legal advice or guarantee any specific outcome in a legal matter. Use of this website does not create an attorney and client relationship.