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Author Question: Which of the following events would be material for purposes of 10b and disclosure? A) A pending ... (Read 140 times)

Chloeellawright

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on: Jun 24, 2018
Which of the following events would be material for purposes of 10b and disclosure?
 A) A pending merger
 B) Not meeting quarterly earnings expectations
 C) Product liability lawsuit
 D) a and c only
 E)All of the above

Question 2

Ralph Newsome is an employee at Quest Industries. In the men's room he overhears two officers discussing a merger that they say will be announced in two days. Ralph purchases 1,000 shares of Quest. When the merger is announced, Quest's stock has a 15 bounce in value.
 A) Ralph has engaged in insider trading.
 B) Ralph simply overheard a conversation and can trade on that information.
 C) Ralph is not an officer and can trade in advance of announcements.
 D) None of the above


swimkari

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Reply #1 on: Jun 24, 2018
Answer to Question 1

E

Answer to Question 2

A


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