Search
866-630-2389
Roberts Law Group, PLLC
North Carolina Criminal Defense Attorneys
We FIGHT to Get Results
We FIGHT to Get Results

New Securities Fraud Task Force Assembled in Charlotte Last Week

The Charlotte Observer released information of note last Friday to those interested in issues of white collar crime. The Securities and Exchange Commission has partnered with the U.S. Attorney's office for the Western District of North Carolina, North Carolina's Attorney General's office, the FBI, the North Carolina Secretary of State's securities division, the Internal Revenue Service's criminal division, Mecklenburg County's District Attorney's office and the U.S. Postal Inspection Service to form a task force based in Charlotte to fight against various forms of securities fraud.

The reasoning behind placing the task force in Charlotte is partially due to the fact that the city happens to be home to multiple Fortune 500 companies, making it the second largest center for banking in the country. This new task force intends to focus its' efforts on seeking out instances of financial crime such as accounting fraud and insider trading.

The task force's first meeting was chaired recently by the U.S. Attorney's office. On the agenda was a whistleblower provision included in the Dodd-Frank Wall Street Reform and Consumer Protection Act that passed this past summer. This act was widely regarded as the most dramatic alteration of financial regulation in the U.S. since the Great Depression, and was in direct response to widespread demands for regulatory system changes due to the current financial crisis. The act's intent was to target the financial services industry through imparting significant change in the country's financial regulatory environment.

It will be interesting to see the effect this task force has on the number of people accused of white collar crime on both local and national levels.

Sources:

  • Main Justice "Multi-Agency Fraud Unit Is Created in North Carolina" by Fahima Haque 1/26/11
  • Wikipedia Entry - Dodd-Frank Wall Street Reform and Consumer Protection Act

Client Reviews

Get Legal Help Now
Let Us Help You

Put our team of criminal defense lawyers on your side today. You are one phone call or email away from getting your questions answered by an experienced defense attorney.

Call now to set up a free consultation.

Fill out the form below for a Free Consultation.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close
Nation's Top One Percent - National Association of Distinguished Counsel - NADC Top 100 Trial Lawyers - The National Trial Lawyers LC - Lead Counsel Rated BBB Accredited Business - Rating: A+ National College for DUI Defense - General Member Client Distinction Award Super Lawyers Avvo Rating 10.0 Superb - Top Attorney Criminal Defense

Call 866-630-2389 to schedule a free initial consultation.
Offices open weekdays 8am - 7pm, Saturdays 9am - 5pm