The role of the Investigations Unit is to conduct investigations of suspected criminal offenses in the financial market, and administrative inquiries into suspected administrative violations related to the financial market.
The Unit operates several teams of investigators. Investigators attorneys or accountants by profession, and highly trained in investigative and interrogative skills and are experts in their respective fields. The Investigations Unit conducts complex and intricate investigations in Israel and overseas, concerning securities fraud, insider trading, corporate reports designed to mislead the investor public, transactions with controlling shareholders, and other issues. In addition to these activities, the Unit also conducts administrative inquiries at the instructions of the ISA chair, to examine suspected administrative violations (defined in the Securities Law) committed by regulated entities, investors in securities, or other individuals.
Stages of a Criminal Investigation:
1. The ISA chair authorizes the Intelligence Unit to refer a case to the Investigations Unit.
2. The Investigations Unit gathers evidence (covert investigation).
3. The Unit initiates an overt investigation.
4. The Unit analyzes the findings and draws conclusions.
5. The Unit refers the material and evidence to the Tel Aviv District Attorney’s Office (Taxation and Economics), which assumes responsibility for the case.