Securities fraud can be committed when 1) a corporate officer or director makes a material misrepresentation, withholding, or distortion related to stock information (usually pertaining to value), 2) an officer or director unlawfully discloses confidential information related to a stock, and 3) an individual or entity acts upon the unlawful disclosure of certain confidential stock information. Securities fraud is usually governed by both federal and state law, and legal action can be initiated by private investors, or by a government agency such as the U.S. Securities and Exchange Commission.
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Investment Companies and Advisors 15 USC Chapter 2D
Investment Companies and Advisors 15 USC Chapter 2D
Federal
Securities Exchange Act of 1934 15 USC Chapter 2B
Securities Act of 1933 15 USC Chapter 2A
