Luan, a Programmer for Monetized Nation Inc

question 35

Multiple Choice

Luan, a programmer for Monetized Nation Inc., a business modeling service, learns of undisclosed company plans to distribute a new app. Luan reveals the company plans to a friend, Ono, who buys 5,000 shares of the firm's stock. Under the Securities Exchange Act of 1934, Ono is most likely

• A)liable for insider trading.
• B)not liable because Ono did not prevent others from profiting.
• C)not liable because Ono did not solicit information from Luan.
• D)not liable because Ono does not work for the firm.

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Definitions:

Small Amounts

Minimal quantities or volumes of a substance or entity, often insufficient to have a significant impact.

Crops

Cultivated plants or agricultural produce, such as grains, vegetables, or fruits, grown for food, fuel, feed, or fiber.

Tubing

Hollow cylinders made from various materials used for transporting fluids, gases, or as structural components in different applications.

Diagram

represents a simplified drawing or plan that demonstrates the arrangement or workings of something, often using symbolic representations.