Insider trading is a serious offense. The purchase or sale of securities by someone with information not known to the public can land that person in hot water, and it could lead to them being arrested. When that happens, a person may find themselves asking if they are in need of legal representation. Here are five reasons why you should not delay seeing a lawyer if you are arrested for insider trading.
1- A Lawyer Can Help to Mitigate Penalties
Along with insider trading can come expensive fines and even prison time, not to mention damage to your professional reputation. If you’ve been arrested and convicted, you’ll want a reputable criminal defense lawyer on your side to help mitigate the penalties that you might receive.
2- A Lawyer Can Help Prove Your Innocence
In the event that you need to challenge the allegations against you, you’ll need an experienced attorney to speak on your behalf. It can be difficult to prove innocence on your own, and a lawyer has the expertise to handle these difficult and confusing cases while looking out for your best interest at all times.
3- A Lawyer Will be Your Best Advocate
Being accused of something as serious as insider trading is one of the most daunting things that can happen to anyone. Opposing counsel will ask you a series of questions, and you may not be obligated to answer or share certain information. Having an attorney by your side at all times will strengthen your case tremendously, as they can advise you on what you should or should not say. A lawyer will be sure to advise you on the best course of action at all times, so you know that you are doing what is right for you during the course of the entire case. Being represented by a lawyer is one of the best things you can do to protect yourself.
4- A Lawyer Knows How to Best Analyze the Evidence
Chances are, you don’t know how to navigate through all of the evidence on your own. Your attorney will do this for you and point out any inconsistencies that the prosecution may be trying to present. You’ll definitely want a lawyer to speak for you in this type of situation as they know exactly what to look for and how to speak up for you in a court of law.
5- A Lawyer Can Help Prove a Lack of Intent or Knowledge
Insider trading isn’t always clear-cut. Perhaps you weren’t aware of what you were doing or exactly why it was wrong. You may have gotten bad advice or put your trust in someone that you shouldn’t have. After your arrest, a lawyer can help prove that there was absolutely no intent your knowledge on your part to commit this white-collar crime. Remember, the prosecution needs to be able to effectively prove intent in order to get a conviction, and a lawyer will work as hard as possible to prove that this is exactly what did not happen.