Criminal Law

What You Need to Know About Insider Trading

Most companies these days often put a non-disclosure agreement into the pre-employment protocol in order to protect their own assets and liabilities. After all, a business can be just like a family – and nobody wants their dirty laundry out in the open for the entire world to see. However, there are somewhat more damaging consequences should this agreement be tampered with as that might constitute as insider trading.

From the phrase itself, it can be assumed that insider trading means that there is trade that came from the inside of somewhere. So what’s the big deal about insider trading?

Well, according to the website of the lawyers with Portale Law Firm, imagine a scenario that goes like this. You are a major stockholder of a certain corporation and, with inside information, you sell the stock just before its market value drops, thereby making a profit due to having access to nonpublic information.

Think of a scenario where someone wins the lottery because they rigged the machine – flesh that of scenario out and involve different variables and factors and you have the basics of an insider trading case. Sometimes, this isn’t even done with intent and just so happened to coincide with the circumstances – and if you are caught in the crossfire of an insider trading case, you need to find competent legal assistance immediately.

If the company you work for is dealing with a case of insider trading then the chances are, the company has already been investigation for quite some time. It is then imperative to make sure you are immediately represented and that your involvement is clarified in order to avoid unnecessary allegations that then put you in the line of fire against the law.

It is important to act logically and swiftly in situations like this in order to protect yourself from the possible repercussions in being associated with a case of insider trading.

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Alcohol-Impaired Driving: What Happens When You’re Charged with a DWI?

Alcohol-impaired driving has been responsible for a growing number of traffic fatalities in recent years. According to a report by the National Highway Traffic Safety Administration, the year 2013 saw a total of 32,719 deaths related to alcohol-impaired driving. As a result, the prosecution and punishment of drunk driving violations have increasingly become more stringent. This is particularly true for a driving while intoxicated or DWI violation.

Drivers are charged with a DWI if they continue to operate vehicles when they have blood alcohol content (BAC) that goes beyond the legally mandated level. All over the United States, private drivers are not allowed on the road if they have a BAC level of 0.08 percent or higher. For drivers operating commercial vehicles, intoxication is defined as having a BAC level of 0.04 percent or higher. Of course, these legally defined blood alcohol levels aren’t the only factors in considering a driver’s level of intoxication.

Penalties for driving while intoxicated differ in every state. However, most of these penalties involve paying a significant amount of fines and spending some time in jail or prison. In Texas, for example, a DWI charge could lead to a financial penalty of up to $2,000 and 3 to 180 days in jail, among a few other consequences. On the other hand, the website of the Law Offices of Richard A. Portale, P.C. points out that New York imposes punishments that are similarly steep. At third offense, a DWI charge can result in a maximum $10,000 fine and up to 7 years in jail.

Some drivers can also experience serious impairment even before they reach or go beyond the regulated amount. Particular reactions to alcohol content differ based on several other factors, such as the driver’s weight or the amount of food take while the drink was consumed. In some cases, having as little as 0.02 percent BAC inside one’s system can lead to a decline in visual and cognitive function. While it might not lead to a DWI charge, certain state laws will still recognize that some serious traffic violation has occurred. For more information, consult with a criminal defense expert.

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