Fort Lauderdale, FL SEC defense attorney David R. Chase talks about handling SEC and DOJ investigations at same time. He explains that when the SEC and DOJ investigate the same case, facts, and individuals at the same time, the matter can become extremely complex very quickly. He emphasizes that it is more important than ever to have experienced SEC counsel and DOJ counsel who understand the intricacies, complexities, and heightened risks involved in this type of parallel investigation. He notes that what might otherwise be a difficult decision about whether a client should testify in an SEC proceeding becomes significantly more complicated when there is also a pending criminal investigation, making it critical to take steps to protect the client’s interests in light of the potential for criminal prosecution.

He explains that, in virtually every SEC investigation he handles, he considers the possibility that the matter could be referred to the Department of Justice. He notes that the strategies he develops and employs take this potential referral into account because the possibility of criminal prosecution and incarceration creates life-changing consequences that extend far beyond those typically associated with a standard SEC investigation.