Charlie Seam Is a Broker for a Major Stockbroker in New

question 115

Essay

Charlie Seam is a broker for a major stockbroker in New York City.Charlie took a job at night with a janitorial firm that is responsible for doing the cleaning on several of the major law firms in New York.These firms also handle the legal business for the largest companies in the United States.Over the past few years these same firms have drafted the documents and done the necessary filings for takeovers among these firms.Charlie has discovered that,as a supervisor,he is able to move freely around the offices and read of developing events on the partners' desks.Through this job Charlie has been able to make some very good investments for himself and his clients.Do Charlie's actions violate 10(b)?

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Definitions:

Century

A period of one hundred years.

Estimated

An approximation or educated guess based on available information or data, often used when exact numbers are unavailable.

Living Organisms

Entities that display the characteristics of life, including the ability to grow, reproduce, respond to stimuli, and often, to move.

Homeostasis

A state of internal balance within living organisms, despite changes in external environment.