In SEC v. Ginsburg, Ginsburg was CEO of a company that merged with another company, and he told his relatives that the merger might occur. Knowing that the stock price might then rise, the relatives bought stock in the company and profited. Ginsburg was prosecuted by the SEC for insider trading. The appeals court held that:
a. there was not enough evidence to reasonably permit the inference that Ginsburg conveyed nonpublic information to his family members, so he was not liable for securities fraud
b. Ginsburg did not use the information himself so there was no fraud
c. Ginsburg did not have a fiduciary obligation to the company, so could not be guilty of insider trading
d. Ginsburg had a fiduciary obligation to the company, but his conduct could not be proven to have violated it e. none of the other choices are correct
e
You might also like to view...
A partnership name may be the name of all the partners, some of them or any one of them
Indicate whether the statement is true or false
What is the difference between a B2C and a C2B?
A. B2C focuses on business to consumers and C2B focuses on consumers to business. B. B2C focuses on companies as customers and C2B focuses on consumers as customers. C. B2C focuses on collaboration and C2B focuses on consumers. D. B2C focuses on consumers as customers and C2B focuses on companies as customers.
When a firm grants credit to a customer, this gives rise to a(n)I) accounts receivable II) cash on delivery (COD) III) cash before delivery (CBD)
A. I only. B. II only. C. III only. D. II and III only.
A loan amortization schedule provides a breakdown of loan payments into principal and interest payments
Indicate whether this statement is true or false.