discuss the different instances when there is no duty to disclose in insider trading
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discuss the different instances when there is no duty to disclose in insider trading
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- What is insider trading? Discuss fully and include a definition of an “insider” Please cite your referenceWhen does insider trading occur? What government agency is responsible for protecting against the unethical practice of insider trading?SEC monitors trading on the major exchanges to all answers are correct prevent insider trading encourage insider trading none of the answers is correct
- What unfortunate lesson did the auditors learn from the situation in the Unregistered Sale of Securities case? What should auditors do when a violation of U.S. securities laws is suspected?Under the 1933 Securities Act, which of the following must be proven by the purchaserof the security?Reliance on the Fraud byFinancial Statements The CPA(1) Yes Yes(2) Yes No(3) No Yes(4) No NoThe Securities and Exchange Commission’s mission is to regulate the securities markets by requiring full disclosure of information and preventing fraudulent activities. However, it does not regulate registration and reporting for every type of financial security. Required a. Briefly describe the markets and securities that are regulated by the SEC. b. Provide two examples of securities that are not subject to the SEC’s registration and reporting rules
- An auditor working with a publicly traded client learns that the client has been completing stock trades based on insider information. How should the auditor report any violations of the law?What is the course of action (s) can be used to prevent fraudulent financial reporting in stockmarket listing to ensure that such scandal will not ariseWhat are the defenses that someone can take to charges of violations under the 1933 securities act?
