Insider trading is defined under federal law as buying or selling 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 for any person, directly or indirectly, to engage in acts or practices that operate as a fraud or deceit upon any person in connection with the purchase or sale of any security. In Somerset County, these charges are prosecuted by the U.S. Attorney’s Office for the District of Maryland. An Insider Trading Lawyer Somerset County can provide critical guidance through this complex area of law.
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 use grand jury subpoenas and wiretaps to build insider trading cases. We have observed that early intervention often leads to more favorable outcomes.
- Do not speak to investigators without your attorney present.
- Preserve all trading records and communications.
- Retain an experienced federal criminal defense lawyer immediately.
- Understand the discovery process and potential defenses.
- Prepare for potential plea negotiations or trial.
- Consider the impact of federal sentencing guidelines.
In Somerset County, insider trading carries a maximum penalty of 20 years in prison and a $5 million fine for individuals, plus potential SEC civil penalties.
| 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 (individual) | Potential SEC bar from securities industry | Forfeiture, restitution, supervised release |
| Securities Fraud (18 U.S.C. § 1348) | Federal Felony | Up to 25 years | Up to $5 million (individual) | Potential SEC bar | Forfeiture, restitution, supervised release |
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’s track record in federal criminal defense includes numerous favorable outcomes in complex securities cases. An Insider Trading Lawyer Somerset County from SRIS, P.C. can provide the experienced representation you need.
Law Offices Of SRIS, P.C. has extensive criminal defense experience in Somerset County and across Maryland. Firm-wide, SRIS has handled 4,739+ documented case results across VA, MD, DC, NY and NJ, with a favorable-outcome rate above 93%. Results may vary.
Case results depend on a variety of factors unique to each case.
Our location in Rockville, MD is approximately 120 miles from the District Court of MD for Somerset County, with access via Route 13 and Route 413.
Insider Trading Lawyer near Somerset County.
Serving the communities of Princess Anne, Crisfield, Westover, Marion Station, Deal Island.
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
Phone: (888) 437-7747
By appointment only.
Frequently Asked Questions About Insider Trading in Somerset County
What is Probation Before Judgment (PBJ) in Somerset County, Maryland?
PBJ is a Maryland disposition where the judge places you on probation instead of entering a guilty verdict. PBJ avoids a formal conviction on your record and is available for most misdemeanors and many felonies at District Court of MD for Somerset County (30512 Prince William Street, Princess Anne, MD 21853). After probation, PBJ cases can be expunged (3-year waiting period). SRIS actively practices here — firm-wide, SRIS has handled 4,739+ documented case results with over 93% favorable outcomes.
Can I get my criminal record expunged in Somerset County, Maryland?
Maryland allows expungement for acquittals, dismissals, Nolle Prosequi, Stet, PBJ (after 3 years), and many non-violent convictions under the Justice Reinvestment Act. Cases in Somerset County are expunged through the court where the case was heard (District Court of MD for Somerset County). SRIS actively practices here — firm-wide, SRIS has handled 4,739+ documented case results with over 93% favorable outcomes.
What happens after a criminal arrest in Somerset County, Maryland?
After arrest in Somerset County: (1) initial appearance before a District Court commissioner who sets bail, (2) bail review hearing within 24 hours if detained, (3) arraignment, (4) trial. Misdemeanors are tried at District Court of MD for Somerset County (30512 Prince William Street, Princess Anne, MD 21853). Felonies go to Somerset County Circuit Court. Bail set by District Court commissioner at initial appearance; Maryland permits pretrial release on personal recognizance, bail, or conditions of release; bail review hearing in District Court within 24 hours if detained; public defender eligibility based on income; court costs: approximately $22.50-$55. SRIS actively practices here — firm-wide, SRIS has handled 4,739+ documented case results with over 93% favorable outcomes.
Do I need a lawyer for a misdemeanor in Somerset County, Maryland?
Many Maryland misdemeanors carry significant penalties — second-degree assault: up to 10 years; theft $100-$1,500: up to 6 months. An attorney at District Court of MD for Somerset County can negotiate PBJ (no conviction on record) or dismissal. SRIS actively practices here — firm-wide, SRIS has handled 4,739+ documented case results with over 93% favorable outcomes. Contact SRIS at (888) 437-7747.
What is the difference between state and federal charges?
Federal charges are prosecuted by the U.S. Attorney with generally harsher penalties and no parole. An experienced federal defense attorney is critical.
How does a Maryland lawyer defend against insider trading charges?
Defense strategies for insider trading in Maryland may include challenging 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 up to 20 years in prison, fines up to $5 million, forfeiture, and supervised release. Consult a Maryland federal criminal attorney for case-specific guidance.
Learn more about our Criminal Defense Lawyer Salisbury services. For other areas, see our Criminal Defense Lawyer Howard County and Criminal Defense Lawyer Calvert County pages.
Last verified: April 2026