31 \"Outsider a. Trading in another company\'s stock on the basis material, non-

Question

31 "Outsider a. Trading in another company's stock on the basis material, non-public information about the other company b. Trading in another company's stock without that company's permission c Trading in stock of a company after it has agreed to merge with another company d. Trading in stock of a company without inside information 32. To "misappropriate" information means- a. To read company mail without authority b. To send company information to the wrong address c. To trade on company information obtained for another purpose d. To alter company information to make it misleading Which of the following is NOT a principal public poli reason for regulating insider trading? a. To enhance market fairness b. To preserve market integrity c To protect property rights d. To control compensation or disclose"- is a duty inferred by the Supreme Court in upholding O'Hagan's conviction Applies to any person in possession of material, nonpublic information Was applied by the Supreme Court in upholding Chiarella's conviction 34. The duty to "abstain a. h of information" between buyers and sellers of securities d. Ensures "parity inf case stands for the proposition that 35. The Dirks a "tipper," but not a "tippee" can violate Rule 10b-5 Absent a breach of duty, trading on an insider's tip does not violate 10b-5 An insider can disclose corporate information as long as he does not derive a personal financial benefit Unauthorized disclosure of unfavorable corporate information is never unlawful a. Only b. d. 36 Under the SEC's rules governing tender offers a. A person with advance notice of a tender offer from either the target or the acquiror b. It is perfectly legal for persons associated an offeror to trade in a target's stock prior to c. Information about an impending, but unanounced, tender offer is treated the same as d. Information regarding an unannounced tender offer is not considered "material" under may not trade in the target's stock prior to public announcement public announcement of the offer any other material nonpublic information Basic v. Levinson

Explanation / Answer

31-a outsider trading is trading of stock on the basis of material non public info by individual who is not insider.

32-c wrong or unlawful use of info for personal benefit

33-d insider trading rules are not for controlling compensation

34-b duty to obstrain or disclose says the person who has material non public info should either obstran from using such info or disclose that info

37 a it provide penalties for willful insider trading by individual

42-a form s-1 is under security act of 1933

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