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Business, 22.05.2020 22:57 micheleflorack

Jill, an accountant for U. S. Molecular, Inc. (USM), learns of undisclosed company plans to market a revolutionary new computer that uses atoms and molecules instead of chips and wires. Jill buys 1,000 shares of USM stock. She reveals the company plans to Ken, who buys 500 USM shares. Ken tells Laura, who buys 100 shares. Laura knows that Ken got his information from Jill. When USM publicly announces its new computer, they all sell their stock for a large profits. Who is subject to liability, under the Securities and Exchange Act of 1934, for insider trading?1. Jill only2. Ken only3. Jill and Ken
4. Jill, Ken and Laura

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Jill, an accountant for U. S. Molecular, Inc. (USM), learns of undisclosed company plans to market a...

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