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Securities Fraud Lawyer Jake Zamansky Explains the Laws and Regulations that Protect U.S. Investors
As an investor in the United States, there are several laws and regulations that protect you. If you fall victim to securities fraud, you have clear legal rights, and you should speak with a securities fraud lawyer about asserting your legal rights as soon as possible.
Laws and Regulations that Protect Individual Investors
Are you an individual investor in the United States? If so, here are some of the laws and regulations that may protect you if you fall victim to securities fraud:
Securities Act of 1933 and Securities Exchange Act of 1934
Despite being nearly 100 years old, the Securities Act of 1933 and Securities Exchange Act of 1934 remain two of the most important statutes for investors in the United States. Today, these laws continue to govern public companies’ registration and disclosure obligations, and they prohibit insider trading and other fraudulent practices that can cause harm to investors.
Investment Company Act and Investment Advisers Act of 1940
The Investment Company Act and Investment Advisers Act of 1940 regulate investment advisory firms, brokerage firms, and individual advisors and brokers. They also regulate mutual funds and certain other types of investment entities. If you have a lawsuit against your broker or advisor for securities fraud, asserting your legal rights will most likely involve filing a claim based on one (or both) of these statutes.
Sarbanes-Oxley Act of 2002 (SOX)
The Sarbanes-Oxley Act of 2002 updated the Securities Act of 1933 and Securities Exchange Act of 1934 for the twenty-first century. Along with establishing several new corporate responsibility and financial disclosure requirements, SOX also established the Public Company Accounting Oversight Board (PCAOB) to more closely regulate the auditing firms that prepare publicly traded companies’ financial statements.
Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (often simply referred to as “Dodd-Frank”) built upon SOX by creating additional rules, requirements and restrictions for securities and other financial products. In many cases, seeking damages for securities fraud and other forms of investment fraud will involve hiring a lawyer to file a claim under Dodd-Frank.
Employee Retirement Income Security Act of 1974 (ERISA)
The Employee Retirement Income Security Act of 1974 (ERISA) protects retirement savers who rely on plan managers to invest for their future. Unfortunately, securities fraud is a very real concern for many retirement savers, and far too often, these individuals must file claims under ERISA to protect (or restore) their long-term financial stability.
U.S. Securities and Exchange Commission (SEC) Regulations
The U.S. Securities and Exchange Commission (SEC) has adopted numerous regulations that are designed to help protect individual investors. These regulations play a key role in many securities fraud lawsuits as well. Additionally, many of the Financial Industry Regulatory Authority’s (FINRA) rules mirror these regulations, and pursuing claims in FINRA arbitration can be a cost-effective alternative for defrauded investors in many cases.
Request a Free Consultation with a Securities Fraud Lawyer at Zamansky LLC
Do you need to know more about your legal rights as an investor? If so, we encourage you to contact us promptly. To speak with an experienced securities fraud lawyer at Zamansky LLC in confidence, please call 212-742-1414 or request a free consultation online today.