State Securities Enforcement Defense
My Services:
The Law Office of Jason E. Ambers (LOJA) provides strategic counsel to individuals and companies facing regulatory inquiries, subpoenas, or enforcement actions by state securities regulators. LOJA’s services include:
Interpreting and responding to subpoenas, complaints, or investigations.
Managing document production, witness interviews, and settlement discussions.
Identifying and mitigating regulatory exposure.
Advising on communication strategy with regulators.
Preparing defenses or responses.
A State’s Authority to Investigate Violations of the Securities Law:
The state securities laws generally give state securities administrators the broad power to investigate whether a person has violated or is about to violate its blue sky laws. Typical violations include: the sale of unregistered securities, unlicensed activity, and securities fraud. A state securities administrator can take remedial action in the form of an enforcement action should it conclude that a person has violated or is about to violate the securities laws. Typical remedies include: ordering a target to cease and desist from any future violations, assessing a civil penalty, cancelling or revoking a license, or denying an exemption. Any person that is subject to an action by an administrator is entitled to a hearing before the administrator’s action becomes final.
My Value:
While serving at the Oregon Department of Consumer and Business Services, I acted as lead enforcement attorney in numerous cases — including some of the largest securities fraud matters in Oregon’s history — as well as in actions involving more technical or nuanced violations. I have also worked closely with prosecutors as both a testifying and consulting expert witness in criminal cases brought under Oregon securities law.
I now use that insider perspective to advocate for clients facing investigations or enforcement actions by state securities regulators. I draw on my deep understanding of state enforcement practices to critically assess the government’s position, identify procedural and substantive vulnerabilities, and hold regulators to their burden of proof. I also help ensure compliance with administrative law requirements and, where appropriate, pursue a fair and strategic resolution.
Clients value my ability to engage credibly and constructively with regulators — a skill developed over years of working alongside enforcement staff, issuers, counsel, and other market participants and stakeholders.