Refer to Fact Pattern 24-3

question 63

Multiple Choice

Refer to Fact Pattern 24-3.Under the Securities Exchange Act of 1934,Hu is most likely

• A)liable for insider trading.
• B)not liable because Hu is only a tippee,not a tipper.
• C)not liable because Hu is too far down the chain of disclosure.
• D)not liable because Hu traded on the basis of a true fact.

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Definitions:

Linkage Group

A set of genes located close together on the same chromosome that tend to be inherited together.

Chromosome

A chromosome is a long, continuous thread of DNA that contains numerous genes and regulatory elements, housed within the nucleus of every cell.

Testcross

Method of determining the genotype of an individual with a dominant phenotype: a cross between the individual and another individual known to be homozygous recessive.

Homozygous Dominant

An individual having two identical alleles for a trait on both homologous chromosomes, with both alleles being dominant.