Taylor has 100 shares of a new corporation. Because the business is still in its infancy, stock can be purchased relatively inexpensively. He wants to make a profit without sticking around for the long haul. He begins spreading rumors that the corporation will soon be purchased by Apple, which is in no way true. The stock soars and he quickly sells his stock, making a tremendous profit. Taylor’s actions are an example of what?
a. a conspiracy
b. pump and dump
c. bribery
d. a tippee
b. pump and dump
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Answer the following statement true (T) or false (F)
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false