Insider Trading Lawyer Maryland
Insider trading in Maryland is a federal offense under 15 U.S.C. § 78j(b) and SEC Rule 10b-5, carrying up to 20 years in prison and fines up to $5 million. Law Offices Of SRIS, P.C. has extensive criminal defense experience in Maryland. Call (888) 437-7747 for a consultation by appointment.
Insider trading is defined under federal law as the buying or selling of securities based on material, non-public information. The primary statute is 15 U.S.C. § 78j(b), which prohibits the use of manipulative or deceptive devices in connection with the purchase or sale of securities. SEC Rule 10b-5 further clarifies that it is unlawful to engage in any act or practice that operates as a fraud or deceit in connection with the purchase or sale of any security. In Maryland, these cases are prosecuted by the U.S. Attorney’s Office for the District of Maryland in the U.S. District Court for the District of Maryland.
Last verified: April 2026 | U.S. District Court for the District of Maryland | U.S. Department of Justice
Founded in 1997 by Mr. Sris, former prosecutor — Law Offices Of SRIS, P.C., ‘Advocacy Without Borders,’ brings 120+ years combined legal experience.
For the full text of the insider trading statute, see 15 U.S.C. § 78j(b) (U.S. Department of Justice — official site). For SEC Rule 10b-5, see SEC Rule 10b-5 (U.S. Department of Justice — official site).
In the U.S. District Court for the District of Maryland, prosecutors routinely rely on trading records, wiretaps, and witness testimony to build insider trading cases. We have observed that the government often uses parallel civil and criminal investigations to pressure defendants.
- Do not speak to investigators without an attorney present.
- Preserve all trading records, emails, and communications.
- Contact an experienced federal criminal defense attorney immediately.
- Review the charges and evidence with your attorney.
- Negotiate with prosecutors or prepare for trial.
- Consider potential defenses, such as lack of materiality or absence of a fiduciary duty.
In Maryland, insider trading carries severe penalties under federal law, including imprisonment and fines.
| Offense | Classification | Incarceration | Fine | License Impact | Additional Consequences |
|---|---|---|---|---|---|
| Insider Trading (15 U.S.C. § 78j(b)) | Federal Felony | Up to 20 years | Up to $5 million for individuals | Potential SEC sanctions, including bar from serving as officer or director | Disgorgement of profits, restitution, supervised release |
| Securities Fraud (18 U.S.C. § 1348) | Federal Felony | Up to 25 years | Up to $5 million for individuals | Potential SEC sanctions | Disgorgement, restitution, forfeiture |
Results may vary.
Founded in 1997 by Mr. Sris, former prosecutor — Law Offices Of SRIS, P.C. brings 120+ years combined legal experience, 4,739+ documented firm-wide results across VA, MD, DC, NY and NJ, and a favorable-outcome rate above 93%. The firm has extensive criminal defense experience in federal cases, including insider trading and securities fraud matters.
Law Offices Of SRIS, P.C. has extensive criminal defense experience in Maryland, with 4,739+ documented firm-wide results across VA, MD, DC, NY and NJ and a favorable-outcome rate above 93%. Results may vary.
Our location in Rockville is approximately 30 miles from the U.S. District Court for the District of Maryland in Baltimore, with access via I-270 and I-95. As an insider trading lawyer near Maryland, we serve the communities of Rockville, Bethesda, Silver Spring, Gaithersburg, Germantown, Wheaton, Kensington, Potomac, Olney, Damascus, Clarksburg, Takoma Park, and Chevy Chase. 24/7 phone consultations — (888) 437-7747 — meetings by appointment only.
Law Offices Of SRIS, P.C. — Maryland
199 E. Montgomery Avenue, Suite 100, Room 211, Rockville, MD 20850
(888) 437-7747
By appointment only.
Frequently Asked Questions About Insider Trading in Maryland
What is insider trading under federal law?
Insider trading is the buying or selling of securities based on material, non-public information, prohibited under 15 U.S.C. § 78j(b) and SEC Rule 10b-5. It is prosecuted in the U.S. District Court for the District of Maryland and carries penalties including up to 20 years imprisonment and fines up to $5 million for individuals.
What are the penalties for insider trading in Maryland?
Penalties for insider trading under 15 U.S.C. § 78j(b) include up to 20 years in federal prison, fines up to $5 million for individuals, and potential disgorgement of profits. The U.S. Attorney’s Office for the District of Maryland prosecutes these cases. Results may vary.
How can an insider trading lawyer in Maryland help me?
An insider trading lawyer in Maryland can evaluate the evidence, challenge the government’s case, negotiate with prosecutors, and develop a defense strategy. Law Offices Of SRIS, P.C. has extensive criminal defense experience and can guide you through the federal process.
What should I do if I am under investigation for insider trading in Maryland?
If you are under investigation for insider trading in Maryland, do not speak to investigators without an attorney. Contact an insider trading lawyer immediately. Preserve all documents and communications. The U.S. District Court for the District of Maryland handles these cases.
What is the difference between insider trading and securities fraud in Maryland?
Insider trading is a form of securities fraud under 15 U.S.C. § 78j(b) and 18 U.S.C. § 1348. Securities fraud includes insider trading, market manipulation, and material misrepresentation. Both are prosecuted federally in the U.S. District Court for the District of Maryland.
How does a Maryland lawyer defend against insider trading charges?
Defense strategies for insider trading in Maryland may include challenging the evidence, examining procedural compliance, negotiating with prosecutors, and presenting mitigating factors. An experienced attorney evaluates the specific facts under 15 U.S.C. § 78j(b) to build the strongest possible defense.
What should I do if I am facing insider trading charges in Maryland?
If facing insider trading charges in Maryland, contact a federal criminal attorney immediately. Do not discuss the case with anyone except your lawyer. Preserve all relevant documents and evidence. The statute of limitations and court deadlines under federal law require prompt action.
What are the penalties for insider trading in Maryland?
Penalties for insider trading in Maryland depend on the specific charges, prior record, and circumstances. Under 15 U.S.C. § 78j(b), consequences may include fines, jail time, probation, or other sanctions. Consult a Maryland federal criminal attorney for case-specific guidance.
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Last updated: 2026-04-28