​Fact Pattern 20-2

question 30

Multiple Choice

​Fact Pattern 20-2
Sid,a director of Tech Software Company,learns that a Tech engineer has developed a new,exciting video game.Sid buys Tech stock and tells his friend Uri,who also buys Tech stock.When the new game is released three weeks later,Sid and Uri sell their stock for a big profit.
-Refer to Fact Pattern 20-2.Under SEC Rule l0b-5,Sid would not be li-able if he had waited to buy Tech stock until​

• A) after Sid told Uri of the new game.
• B)after Uri bought Tech stock.
• C)after the public release of the game.
• D)just before the game was released.

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Definitions:

Industrial Relations

The study of labor-management relations, including the negotiation of wages, work conditions, union activities, and the roles of government policies on the labor market.

Supreme Court Doctrine

Fundamental principles or policies established through the rulings and decisions of the Supreme Court.

Distributive Bargaining

A negotiation strategy in which one party's gain is directly related to the other party's loss, focusing on dividing a fixed amount of resources.

Collective Bargaining Agreement

A written contract between an employer and a union representing the employees, detailing the terms of employment, wages, and workplace conditions.