Examlex

Solved

Fact Pattern 7-2 Ben, an Accountant for AirLift, Inc., a Ride Service, Learns

question 41

Multiple Choice

Fact Pattern 7-2
Ben, an accountant for AirLift, Inc., a ride service, learns of undisclosed company plans to distribute a new app. Ben buys 10,000 shares of AirLift stock. He reveals the company plans to Carly, who buys 5,000 shares. Carly tells Don, who tells Erwin, and each buys 1,000 shares. They know that Carly got her information from Ben. When AirLift publicly announces its new app, Ben, Carly, Don, and Erwin sell their stock for a profit.
-Refer to Fact Pattern 7-2. Under the Securities Exchange Act of 1934, Carly is most likely​


Definitions:

Related Questions