Should I hire a lawyer if I am being investigated by the SEC?
Yes. At this stage, the SEC staff is deciding whether to bring an action against you for possible violations of the federal securities laws. Their process is rigorous. The SEC receives many complaints about possible violations but has limited resources, so the agency is selective as to which matters move forward. You have important rights, and likely some defenses that experienced counsel can help you evaluate.
Counsel can engage with the staff on an informal basis to understand the nature of the staff inquiry and focus. Having done so, counsel can help you formulate your defense and prepare responses that will hopefully succeed in convincing the staff not to move forward. But even if they choose to move forward, having worked with experienced counsel you will have begun to make a "record" that can help your case as you move forward in the process.
I received a subpoena from the SEC. Do I need a lawyer?
What is a Wells notice?
Is responding to a Wells notice in my interest?
I am a victim of a securities fraud. What are my options?