Legal action refers to the criminal prosecution of individuals or organizations for fraud or market manipulation. This can include:

1. _Criminal charges_: Indictments or informations filed against individuals or organizations for securities fraud, wire fraud, or other related offenses.

2. _Criminal trials_: Legal proceedings in which the prosecution presents evidence and arguments to prove guilt beyond a reasonable doubt.

3. _Guilty verdicts_: Findings of guilt by a judge or jury, resulting in criminal penalties.

4. _Criminal penalties_: Sentences imposed on individuals or organizations, including:

- Fines

- Imprisonment

- Probation

- Restitution

- Forfeiture

5. _Civil lawsuits_: Legal actions filed by investors, regulators, or other parties seeking damages or other relief for fraud or market manipulation.

Legal action aims to:

1. _Hold accountable_: Punish individuals and organizations for fraudulent or manipulative activities.

2. _Deter future violations_: Discourage others from engaging in similar illegal conduct.

3. _Protect investors_: Safeguard investors by preventing fraudulent activities and promoting fair markets.

4. _Maintain market integrity_: Ensure that markets operate fairly and transparently.

5. _Recover losses_: Provide restitution to victims of fraud or market manipulation.

Legal action can lead to severe consequences, including criminal records, financial penalties, and damage to reputation.