The Legal Environment of Business: Text and Cases
9th Edition
ISBN: 9781305764460
Author: Frank B Cross/ Roger LeRoy Miller
Publisher: CENGAGE C
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Chapter 28, Problem 2IS
Summary Introduction
Case summary: Person LE is an officer in a company MOI. LE acknowledged, that the company’s geologist has discovered a new deposit of oil.
To find: The buying of stock by LE after knowing the information.
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You participated in a pump and dump scheme. Later on a representative from the Securities and Exchange Commission contacts you and requests details in respects to a trade of ABCD shares and other info about the account. According to the CFA Ethic Code and Standards: a. You have not violated the integrity of Capital Markets and should disclose the requested information. b. You violated the integrity of Capital Markets and should disclose the requested information. c. you have violated the integrity of Capital Markets and should not disclose the requested information.
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The Legal Environment of Business: Text and Cases
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