The Foreign Corrupt Practices Act: A) is an amendment to the ...

[jerry coleman]

The Foreign Corrupt Practices Act:
 A) is an amendment to the 1933 Act.
 B) is also known as the Insider Trading Act of 1988.
 C) is an amendment to the 1934 Act.
 D) None of the above

Question 2

Maxine Knight is an investment banker who has just completed negotiations for a merger between two major motion picture studios. Maxine lives with Ron Heywood and suggests dinner to celebrate the successful negotiations that will become public in three days. Ron celebrates with Maxine and the next morning buys substantial blocks of shares in both the firms. After the merger is announced, the value of the shares doubles. Which of the following statements is true?
 A) Ron has violated Section 10(b).
 B) Ron is not an insider and therefore has not violated 10(b).
 C) Ron has probably violated Section 16.
 D) None of the above

[diana chang]

Answer to Question 1

C

Answer to Question 2

A