Fact Pattern 37-2

question 43

Multiple Choice

Fact Pattern 37-2
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 37-2. 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:

Job Demands

The physical, psychological, social, or organizational aspects of a job that require sustained physical and/or psychological effort or skills and are therefore associated with certain physiological and/or psychological costs.

Social Relations

The networks and interactions between individuals or groups, including social structures, institutions, and societal norms.

Persistence

The quality of continuing steadily despite problems or difficulties.

Hostility

A form of anger and aggressive behavior that can result from frustration, perceived injustice, or other negative feelings.