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Author Question: Pam is the accountant for Happy Valley Medical Products, Inc. and knew when the company was about to ... (Read 49 times)

lbcchick

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Pam is the accountant for Happy Valley Medical Products, Inc. and knew when the company was about to announce an unexpected and significant profit, so she bought 500 shares of stock before the announcement. Pam made a lot of money from this transaction. Which of the following is a TRUE statement about Pam's stock purchase?
◦ It was a smart financial move, Pam made a lot of money.
◦ Happy Valley benefitted because a staff member purchased a lot of stock.
◦ Pam committed insider trading which is against the law.
◦ Happy Valley acted unethically selling stock to Pam.


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Marked as best answer by lbcchick on Feb 18, 2020

shoemake

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lbcchick

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review


covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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