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Joe Loser Enters into an Investment Scheme with Some Reputed

question 37

Essay

Joe Loser enters into an investment scheme with some reputed financiers.To get Joe's money,these people lie to Joe about several present facts that are critical to the investment scheme.Later,Joe sues to rescind the investment contract on the basis of fraud.While Joe is on the stand,the attorney for the other parties asks him: "Mr.Loser,why did you enter this deal in the first place?" Joe says: "For the one and only reason: I admired these men tremendously and figured that any deal good enough for them was a deal I wanted in on too.The details didn't matter;if they were in it,I wanted to be in it too." Joe has just blown his fraud case.Why?

Understand the hierarchy of market integration and organization.
Distinguish between primary and secondary markets.
Comprehend the significant role of computer algorithms in trading activities.
Recognize procedures and regulatory requirements for selling securities.

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