Martin Act

The Martin Act is a New York State law that gives the Attorney General broad authority to investigate and prosecute financial fraud. Enacted in 1921, it aims to protect investors from deceptive practices in securities and commodities markets. The law empowers the Attorney General to take action against entities that mislead or defraud investors, and it provides tools for enforcing transparency in financial dealings. Its robust provisions have made it a key instrument in combating financial crime within New York's financial industry, including cases of insider trading and securities fraud.