Fact Pattern 41-1A

question 29

Multiple Choice

Fact Pattern 41-1A
Dhani, an accountant for Eureka, Inc., learns of undisclosed com?pany plan?s to market a new laptop. Dhani buys 1,000 shares of Eureka stock. He re?veals the company plans to Fay, who buys 500 shares. Fay tells Geoff, who tells Hu, each of whom buy 100 shares. They knows that Fay got her informa?tion from Dhani. When Eureka publicly an?nounces its new laptop, Dhani, Fay, Geoff, and Hu sell their stock for a profit.
-Refer to Fact Pattern 41-1A. If Dhani is liable under the Securities Ex?change Act of 1934, it will be because the infor?mation on which he based his purchase of Eureka stock was

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Refer to standardized categorizations used to assess the effectiveness or proficiency of an individual's or group's output in various contexts, such as work, education, or sports.

Adequate Yearly Progress

A measure under U.S. federal law that assesses yearly student performance on standardized tests to ensure that all children achieve a certain level of academic proficiency.

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