Fact Pattern 31-2

question 53

Multiple Choice

Fact Pattern 31-2
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 31-2. Under SEC Rule l0b-5, Sid would not be liable 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:

Median Age

A statistic that divides a population into two equal groups: half of the people are younger than this age and half are older, serving as a indicator of the age distribution in a population.

Substance Abuse

Substance Abuse involves the harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to addiction or other serious problems.

Behaviour Problems

Behaviour problems refer to actions or attitudes that are socially unacceptable or deviate significantly from normative expectations, often leading to negative consequences.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a concern about future events.