Riley,an Engineer for Shur-2-Gro Seed Corporation,learns That Shur-2-Gro Has Developed

question 10

Multiple Choice

Riley,an engineer for Shur-2-Gro Seed Corporation,learns that Shur-2-Gro has developed a corn hybrid to triple the output of any farm.Riley buys 20,000 shares of Shur-2-Gro stock.He tells Tess,who buys 15,000 shares.After the new hybrid is announced publicly,the price of Shur-2-Gro stock in-creases.Riley and Tess sell their shares for a profit.Under the Securities Exchange Act of 1934,liability may be imposed on

• A)none of these parties.
• B)Riley and Tess only.
• C)Riley only.
• D)Riley,Shur-2-Gro,and Tess.

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Definitions:

Terrorist Activity

Violent acts intended to create fear, perpetrated for a religious, political, or ideological goal, often targeting civilians.

Political Risk

The risk of losing money due to changes in a country's political environment or government policies that would affect investments negatively.

Transaction Gains

Refers to the profits realized from the buying and selling of assets or securities within a specific timeframe.

Tax Deductible

Expenses that can be subtracted from gross income to reduce the amount of income subject to tax.