Financial transactions that might have once seemed routine can take on a different light if investigators suspect that investors were misled or that material information was withheld. A skilled Fayetteville securities fraud lawyer can help an accused individual understand the nature of the allegations against them as well as the evidence supporting those claims.
Securities fraud matters can arise as part of state or federal investigations and might encompass significant documentary evidence. W. James Payne Law Firm advocates for those whose finances, reputations, and futures are on the line in serious criminal proceedings.

The foundation of our representation at W. James Payne Law Firm is diligent preparation and consistent, honest communication. We understand that serious criminal charges can affect your freedom, property, and livelihood, and we take care to analyze the evidence presented against you.
Attorney W. James Payne has been practicing law since 1984, and he spent five years as a military judge. He uses that experience to look at cases from all angles and offer our clients goal-oriented, persistent representation.
Securities fraud charges might include a number of types of alleged deceptions in connection with investments or securities transactions. Investigators may examine allegations of:
The actual conduct is important because a loss on an investment, an incorrect prediction, or a failed transaction is not necessarily a crime of fraud. Investigators may look into what was said, what the accused person knew at the time, and whether there is evidence of an intent to deceive. Distinguishing between poor judgment and deliberate fraud may become an issue.
Under 18 U.S.C. § 1348, it is a federal crime to knowingly execute or attempt to execute certain schemes to defraud another person or obtain money or property through false or fraudulent representations in connection with the purchase or sale of securities or commodities.
Violation of 18 U.S.C. § 1348 is a felony punishable by up to 25 years’ imprisonment and a fine. Other federal statutes, such as 18 U.S.C. § 1341, may also apply depending on the nature of the alleged conduct.
Securities-related behavior may be of interest to both the Securities and Exchange Commission and federal criminal authorities. The SEC enforces federal securities laws in civil proceedings, and the Department of Justice may bring criminal charges if the evidence warrants.
The SEC brought 456 enforcement actions in fiscal year 2025, which included actions involving offering fraud, market manipulation, insider trading, and issuer disclosure violations. An investigation may include:
As conduct underlying civil and criminal investigations may be related, it can be important to know which authorities are involved.
Accounting records often play a key role in establishing what happened and what the defendant intended. The Justice Department said in a federal investment fraud case based in Fayetteville that a man and his co-conspirators scammed more than a dozen victims out of more than $18 million over eight years.
An attorney may:
Securities fraud charges can arise from more than just publicly traded stock or a transaction on a major exchange. Private investment offerings and other securities transactions may also give rise to fraud allegations if the government believes that investors were deliberately defrauded.
In some cases, whether federal securities laws apply to the investment and alleged conduct is an issue. In certain situations, how an arrangement is legally classified as a security can become a point of contention.
A securities fraud case can result in restitution when victims suffer qualifying financial losses. Restitution can be imposed in addition to other consequences of a conviction, such as imprisonment, fines, or forfeiture.
If restitution is ordered, the amount depends on the legally recognized losses caused by the offense and applicable federal restitution laws. Since investment transactions can involve losses, repayments, and multiple parties, determining the appropriate amount may require a detailed review of financial records.
Securities fraud allegations can affect your professional career, particularly for people working in finance, investment management, or corporate leadership. For fiscal year 2025, the SEC secured rulings to prohibit 119 individuals from holding officer and director roles in public companies.
Other professional limitations may result from regulatory proceedings in certain cases. Each case’s outcome is entirely dependent on the particular allegations, the course of the legal proceedings, and the ultimate resolution, rather than being a predetermined result.
Yes, a Fayetteville business transaction can lead to securities fraud allegations. Business and investment activity takes place across Fayetteville, including in commercial corridors like Raeford Road, Bragg Boulevard, Ramsey Street, and Downtown Fayetteville.
A deal involving a local business or investor could be scrutinized for securities fraud if authorities believe it involved material misrepresentations or other unlawful conduct. Whether securities laws apply depends on the details of the investment, the communications exchanged, and the alleged conduct.
Securities fraud charges aren’t always based on statements made to a single investor. Under the relevant statute and the circumstances, representations made in connection with an individual securities transaction can sometimes form the basis of a criminal investigation.
The number of individuals involved is not necessarily determinative of whether the conduct at issue constitutes an offense. Rather, the prosecutor must prove the elements of the particular securities fraud provision under which he or she is charging the offense.
Charges for securities fraud can threaten your freedom, your finances, your reputation, and your career. W. James Payne Law Firm provides experienced criminal defense for those accused of complex financial crimes. We can walk you through the process and help protect our clients’ rights throughout the case. Schedule a consultation today to hire a securities fraud lawyer.