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LSDefine

Simple English definitions for legal terms

Securities fraud

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A quick definition of Securities fraud:

Securities fraud is when someone lies or doesn't tell the truth about a company's stocks or investments to trick people into buying or selling them. This is against the law and can result in punishment like fines or going to jail. The government has rules to try and stop this from happening, but sometimes people still do it anyway.

A more thorough explanation:

Securities fraud is when someone lies or doesn't tell the truth about a company's financial information to trick people into buying or selling stocks or other investments. This is against the law and can result in criminal charges and fines.

  • A CEO of a company lies about how much money the company is making to get people to buy more stock. This is securities fraud because the CEO is not telling the truth about the company's financial information.
  • An investment advisor tells their clients to buy a certain stock because they know that the company is going to announce a big merger soon. This is securities fraud because the investment advisor is using insider information to make a profit.

These examples show how securities fraud can happen in different ways. It can be lying about financial information or using insider information to make a profit. Both of these actions are illegal and can result in serious consequences.

Securities Exchange Act of 1934 | Securities law history

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texaslawhopefully
22:30
@KnowledgeableRitzyWasp: That all sounds great. It sounds like it has fairly diverse cuisine for a smaller city
KnowledgeableRitzyWasp
22:31
yeah there are so many good cuisines in ithaca
renard99
22:31
@lilypadfrog: that’s a pity I’da be liking them all
texaslawhopefully
22:31
Only food I’m going to miss for sure if I leave Texas is texmex
Eggan
22:31
waspy hasnt had thai food in ithaca yet. ithaca thai is so good
KnowledgeableRitzyWasp
22:32
^^^^ truuuuuu
Eggan
22:32
there are two major thai places and they have very similar names bc a divorced husband and wife own them lol
Eggan
22:32
personally i think taste of thai is better than taste of thai express but thats just me
KnowledgeableRitzyWasp
22:32
i had pho tho and it was really good and huge portions
texaslawhopefully
22:32
Glad they have good Thai food, I love Thai food! Can’t wait to visit :)
Eggan
22:33
when tex goes to ithaca i want to come
Dkk
22:34
Crying Tiger, best Thai dish.
KnowledgeableRitzyWasp
22:35
damn im so hungry all i had today was a curry tonkatsu and buldak
KnowledgeableRitzyWasp
22:35
and it was a lil baby noodle cup
KnowledgeableRitzyWasp
22:35
vvv hungry
Eggan
22:36
curry tonkatsu so yummeh
Eggan
22:36
whats even open rn? pizza?
KnowledgeableRitzyWasp
22:36
CTB is it i think
Eggan
22:37
is collegetown pizza not open
Eggan
22:37
i used to get a slice from there or wings over at like 1am after my shift at the restaurant
Dkk
22:48
Ross Ulbricht free. God Bless Trump. Huge win.
JeremyFragrance
22:54
agreed
texaslawhopefully
22:55
This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/
Dkk
23:01
I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.
KnowledgeableRitzyWasp
23:02
ross ulbricht tried to hire a hitman to kill 5 people
KnowledgeableRitzyWasp
23:02
i am not that sympathetic to him
Dkk
23:04
@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.
Dkk
23:05
Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.
texaslawhopefully
23:05
@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.
Dkk
23:06
Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.
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