Social Studies, 22.04.2020 04:05 kannon46
Fact Pattern 42-2A. Dhani, an accountant for Eureka, Inc., learns of undisclosed company plans to market a new laptop. Dhani buys 1,000 shares of Eureka stock. He reveals the company plans to Fay, who buys 500 shares. Fay tells Geoff, who tells Hu, each of whom buy 100 shares. They knows that Fay got her information from Dhani. When Eureka publicly announces its new laptop, Dhani, Fay, Geoff, and Hu sell their stock for a profit.
Under the Securities Exchange Act of 1934, Fay is most likely
liable for INSIDER TRADING.
criminal
not liable
Answers: 3
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Fact Pattern 42-2A. Dhani, an accountant for Eureka, Inc., learns of undisclosed company plans to ma...
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