Ls311 Unit 10 Discussion
LS311 UNIT 10 DISCUSSION Hello Ramona and Class, Under what theory might Darla be liable? Darla will be liable under insider trading theory. Darla had overheard the conversation and make profit from the deal. This case is strictly related to the insider trading. The insider trading theory is laid down under SEC Rule 10b-5. In case of insider trading anyone who uses insider trading is liable. Do the circumstances of this case meet all of the requirements for liability under that theory? Explain. The requirement for the liability are: deception or manipulation, materiality, transaction must be connected with sale or purchase of security, Scienter, Standing, Caused loss, Damages. All the requirements are not fulfilled since the transaction although related to sale or purchase of transaction but does not include deception or caused any loss or damage to the
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- Subido en
- 2 de marzo de 2022
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- 2021/2022
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