Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

A customer overhears a telephone conversation between her close friend and the friend's spouse, where the close friend mentions to her husband (who is the president of a large bank) how worried she is that she will have to move to California if her husband is successful in the takeover attempt of CalTrust Bank. The customer calls her sales representative at the broker-dealer where she maintains an account and places a market order to buy 1,000 shares of CalTrust Bank, which is immediately filled at $32.50 and then is reported by the agent to the customer. Who has violated the insider trading rules?

A The close friend
B The customer
C The agent
D All of the above

Sagot :

Answer b

Explanation they heard something they shouldn’t have and made a move based on it which is highly illegal
We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We're dedicated to helping you find the answers you need at Westonci.ca. Don't hesitate to return for more.