The Insider Trading Sanctions Act of 1984 and the Insider Trading and Securities Fraud Enforcement Act of 1988 made it illegal to trade while in the possession of inside information, or "material" non-public information held by

A) officers.
B) directors.
C) major stockholders.
D) All of the above are correct.
E) Only A and B are correct.

Answer: D

Business

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The J. Godfrey, Capital account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and withdrawals are $9,000, what is the ending balance in the J. Godfrey, Capital account after all closing entries are made?

a. $ 8,000. b. $15,400. c. $23,400. d. $17,000. e. $32,400.

Business

Naismith's is a group of 4 pubs based in downtown Chicago. Along with its competitors, Purple

Daze and Lynx, Naismith's generates business mostly by catering to young working adults and middle -aged family men. It has recently found that university-going students in the suburban Chicago area constitute a promising portion of the market and wishes to grow its market share by targeting this market segment. Which of the following strategies will best help Naismith's to grow its market share? A) establishing more pubs closer to student dormitories B) lowering the prices of drinks at its pubs C) introducing newer varieties of drinks in its downtown pubs D) increasing the duration of the happy hours at its existing pubs

Business