Business, 21.05.2020 21:09 tatirocks1870

Jill, an accountant for U. S. Molecular, Inc. (USM), learns of undisclosed company plans to market a revolutionary new computer that uses atoms and molecules instead of chips and wires, Jill buys 1000 shares of USM stock. She reveals the company’s plans to Ken, who buys 500 shares. Ken tells Laura, who buys 100 shares. Laura knows that ken got his information from Jill. When USM publically announces its new computer, they all sell their shares for a profit. Who is subject to liability, under the Securities and Exchange Act of 1934, for insider trading?a) Jill onlyb) Ken onlyc) Jill and Kend) Jill, Ken and Laura

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Jill, an accountant for U. S. Molecular, Inc. (USM), learns of undisclosed company plans to market a...

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