Law, 11.02.2020 20:01 sabrinarasull1pe6s61

Sally is the vice president at Big Name Cosmetics Company. Through important and material nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Name Cosmetics will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Alice about the expected purchase of stores. Alice wanted to purchase stock in the company but lacked the funds with which to do so. Although she did not have the funds in Bank A, Alice decided to draw a check on Bank A and deposit the check-in Bank B and then proceed to write a check on Bank B to cover the purchase of the stock. She planned to write a check on Bank B and deposit in Bank A just before the check was presented to Bank A in an attempt to create an artificial balance. Of what offense, if any, is Alice guilty of by her method of payment?

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Sally is the vice president at Big Name Cosmetics Company. Through important and material nonpublic...