bus 624 week 5 discussion 2
Prior to beginning work on this discussion,
Review the Insider Trading (Links to an external site.) video.
Review the summary of United States v. Newman, 773 F.3d 438 (2d Cir. 2014) in Chapter 45 of the course textbook.
Review Chapter 45 of the course textbook.
Assume Ken Hastings (cookout host) and Tim Daniels (Kenâ€s tennis partner) both bought stock in New World Industries as soon as the market opened on Monday and all profited 30% after the press announcement by Mrs. Chen. Pursuant to their agreement, Tim Daniels paid Ken Hasting 5% of the profit he made on the transaction.
With regard to Judith Chen, Steve Chen, Ken Hastings and Tim Daniels, which of these parties could be considered an “insider†under rule 10(b)(5) of the Securities Act of 1934? Explain why or why not.
Which of these parties could have tipper or tippee liability in this case?
Did Judith Chenâ€s actions in telling her husband about the settlement breach her fiduciary duty?
Who actually obtained a personal benefit from the tip and how?
Your initial response should be a minimum of 400 words.
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount! Use Discount Code “Newclient” for a 15% Discount!NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.
The post bus 624 week 5 discussion 2 appeared first on Superb Professors.
For any questions, feedback, or comments, we have an ethical customer support team that is always waiting on the line for your inquiries.