NASAA Reports Increase in Prison Time for Securities Law Violators (with Lofchie Music Selection)

The North American Securities Administrators Association ("NASAA") reported a significant increase in the amount of prison time to which securities law violators were sentenced in 2013 as a result of enforcement action initiated by state securities regulators.

According to NASAA's annual enforcement survey, the prison sentences of criminal defendants in cases stemming from enforcement actions by state securities regulators increased 33 percent in 2013 compared to prison sentences in 2012.

NASAA also reported that the average sentence for a securities law violator increased by more than 53 percent to 5.5 years. In addition, criminal defendants were ordered to serve a total of 679 years of probation – up 96 percent from the previous reporting period.

Lofchie Music Selection: "Folsom Prison Blues".

See: NASAA Press Release.