Sid,a Director of Tech Software Company,learns That a Tech Engineer

question 39

Multiple Choice

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 26-2.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:

China

A country in East Asia, the world's most populous nation, with a long history, rich culture, and significant global economic and political influence.

Civil Society

The realm of organized social life that is voluntary, self-generating, (largely) self-supporting, autonomous from the state, and bound by a legal order or set of shared rules.

Mass Media

Various forms of communication, including newspapers, television, and the internet, that reach large audiences simultaneously.

Politicians

People engaged in political activities, particularly those in pursuit of or currently holding governmental positions.