In U.S. SEC v. Ginsburg the appeals court held that Ginsburg was not guilty of insider trading because he did not trade on information; his relatives traded on information, so they could be prosecuted

Stock insurance companies frequently issue assessable insurance policies.

a. true b. false

No mention of the contingent liability needs to be made in the financial statements, if the probability of payment is _____

a. "remote" b. "probable" c. "reasonable possible" d. "not plausible"