David Gain is the chief executive officer (CEo) of Forest Media Corp., which is interested in acquiring RS Communications, Inc. To initiate negotiations, Gain meets with RS's CEo, Gill Raz, on Friday, July 12. Two days later, Gain phones his brother, Mark, who buys 3,800 shares of RS stock on the following Monday. Mark discusses the deal with their father, Jordan, who buys 20,000 RS shares on Thursday. on July 25, the day before the RS bid is due, Gain phones his parents' home, and Mark buys another 3,200 RS shares. over the next few days, Gain periodically phones Mark and Jordan, both of whom continued to buy RS shares. on August 5, RS refuses Forest's bid and announces that it is merging with another company. The price of RS stock rises thirty percent, increasing the value of Mark's and Jordan's shares by nearly $660,000 and $400,000, respectively.

Required:
a. Is Gain guilty of insider trading?
b. Could a court hold Gain liable? Why or why not?

Answers

Answer 1

Based on the scenario described and the actions of those related to Gain:

a. Gain is indeed guilty of insider trading b. A court could indeed hold Gain liable

Insider trading:

Occurs when one buys shares because they know something that the rest of the public does not Allows such traders to gain great profits or avoid huge losses

When a company is to be acquired, its shares generally rise in price. Gain must have told his brother that he was trying to acquire RS Communications which was why both his brother and father purchased those shares.

In conclusion, Gain engaged in insider trading because his brother and father bought RS shares knowing they would rise as a result of the confidential information Gain shared with them and a court would hold him liable for this.

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Related Questions

PLEASE PLEASE PLEASE HELP !!

Answers

Answer:

box 1 box 3 and box 5 try that of not im sorry

what is represented by the distance between two vertical white gridlines on this graph?

Answers

The information which is represented by the distance between two (2) vertical white gridlines on the graph in the image attached is: a time span of 50 years.

A graph can be defined as the graphical representation of data (information) on both the horizontal and vertical lines, which are x-axis and y-axis respectively.

In this scenario, the x-coordinates is used to represent time in years ranging from 1500 to 2050.

On the other hand, the y-coordinates is used to represent the total population in billions.

From the graph, we can deduce that each point of the vertical white gridlines with respect to another represent a time span of 50 years.

For example:

[tex]Time\;span = 1950-1900[/tex]

Time span = 50 years.

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Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you’re ready. FEDERAL % of $1,560.00 FICA MEDICARE % of $1,560.00 FICA SOCIAL SECURITY % of $1,560.00 STATE % of $1,560.00

Answers

Answer:

including with gst ????

what does it mean when the fed raises interest rates

Answers

What Happens When the Fed Raises Rates?

——> When the Fed raises the federal funds target rate, the goal is to increase the cost of credit throughout the economy.

Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from _____ grams to 500 ounces or more.

Answers

Based on financial management, Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from 5 grams to 500 ounces or more.

What is gold bullion?

Gold bullion is generally refined gold with an excellent standard of elemental purity. The current standard practice in selling gold bullion range from 5 grams to 500 ounces or more.

Example of Gold bullion

Some gold bullion made entirely of gold include the following:

BritanniaCanadian Maple LeafAmerican Buffalo, etc.

Hence, in this case, it is concluded that the correct answer is 5 grams.

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Yolanda owns a custom curtain business. One of her suppliers brings her a delivery of decorator fabric on the 1st of each month, which she can pay for at anytime during that month. If she pays for the fabric by the 15th of the month, her supplier gives her a 10 percent discount off the cost. Which short-term liability does this scenario best describe

Answers

The short-term liability in the scenario is BEST described as E. a trade credit.

Trade credit involves the extension of the payment date for a business transaction.  The 10% discount offered by the supplier to Yolanda's curtain business within the discount period of 15 days is a financial inducement to enable Yolanda to pay on time.

Thus, within the credit period, the short-term liability that Yolanda's business bears is known as a trade credit, not an account receivable, a line of credit, a factor, or a loan.

Answer Options:

A. an account receivable

B. a line of credit

C. a factor

D. a loan

E. a trade credit

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What are some risks of adding a new product?

Answers

Answer:

the product could not sell

the product could be poorly received/rated

the product could put your company into debt

if the product got bad reviews that looks bad for your business

Explanation:

what are the 4 hierarchical tiers of information in an ipv4 address?

Answers

The 4 hierarchical tiers of information in an ipv4 address include the following:

NetworkSubnetHost components

Based on the given question, we can see that the ipv4 address has to do with the networking components of a system and how they are used in the rerouting of data across a network.

With this in mind, they have hierarchical tiers of information which includes the network that is used, the subnet masking, and the host components.

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how much does it cost to tent a house for termites

Answers

Termite Treatment Cost

Termite treatment costs between $222 and $931, or $576 on average. Depending on the type of treatment, size of your home and severity of the infestation, you may pay anywhere from $3 to $16 per linear foot. Compare quotes from exterminators near you for the best treatment solution and price. Dealing with termite problems gets more expensive over time. The moment you suspect your home has them, you should hire a pro for inspection and treatment.

A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations

Answers

Based on the information given the company's cash-basis income for its first year of operations is $350,000.

First step

Net sales revenues =Sales - Account receivable

Net sales revenues= $1,000,000 - $100,000

Net sales revenues = $900,000

Second step

Net expenditure on purchases =Inventory purchases - Account payable

Net expenditure on purchases =$400,000 - $50,000

Net expenditure on purchases = $350,000

Third step

Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses

Cash-basis income= $900,000 - $350,000 - $200,000

Cash-basis income= $350,000

Inconclusion  the company's cash-basis income for its first year of operations is $350,000.

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the tax cut will have a larger impact on aggregate demand in the economy with the .

Answers

The larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.

Tax cuts refers to when there is reduction in tax payment along with the government revenue.

The main reason for Tax cuts is to decrease the income of government and to increase the income of tax payers.

In conclusion, the larger impact will be felt on aggregate demand in the economy and the Larger MPC when there is tax cut.

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6. In 1996, the average house price in the UK was about $75,000. By 2007, prices had risen to around $190,000. This increase in prices had been fueled by rising incomes and cheap loans.

a) Draw a demand and supply diagram to show what caused house prices to rise between 1996 and 2007.

b) There is an improvement in technology in the housing industry. Draw a diagram to show the effect this would have on house prices.

Answers

Please find attached the required diagrams.

As a result of the rising incomes and cheap loans, the demand for houses would increase. This would cause an outward shift of the demand curve. As a result, equilibrium price and quantity of houses would increase.

An improvement in technology in the housing industry would lead to an increase in the supply of houses. This would lead to an outward shift of the supply curve. Equilibrium price would reduce and equilibrium quantity would increase.

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bounded rationality is an idea in behavioral economics in which individuals are limited in their ability to make decisions. this leads to outcomes that differ from the outcomes predicted by traditional economic theory. which of the following would best describe an individual limited by ""bounded rationality""?

Answers

Bounded rationality simply means an idea that has to do with the fact that people are limited in their ability to make decisions.

You didn't provide the options. Therefore, an overview of the topic will be given. Bounded rationality means the way individuals make decisions that is different from perfect economic rationality.

An example of bounded rationality is when ordering at a restaurant and the customer makes suboptimal decisions because the customer was rushed by the waiter.

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Why do you think Zappos offers a $2,000 incentive to quit?

Answers

Answer:

Explanation:

Is there more to the question?

what country is home to the world’s oldest continuously-operating business?

Answers

Answer:

Japan is the home to the worlds oldest operating Bush

how long will the increase in food stamps last in alabama 2021

Answers

Based on the latest information released by the Alabama government, the increase in food stamps would last in 2021, "when the target of 500,000 children has been met."

Food Stamps in Alabama 2021

As a result of the coronavirus pandemic, the state government of Alabama, like many other states government in the United States, is giving out food stamps to people.

However, the rolling out of these current food stamps will last until after the target has been met, which is "500,000 children."

The food stamps benefit totaled $180 million.

Hence, in this case, it is concluded that the correct answer is "when the target of 500,000 children has been met."

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A local butcher and a worker at a cereal factory both work in what Agriculture, Food, and Natural Resource pathway?

Agribusiness Systems
Food Products & Processing Systems Animal Systems
Natural Resources Systems​

Answers

The Food Products & Processing Systems is the department in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

The food products $ processing systems is a department in the Food, and Natural Resource

The department is responsible for tasks including:

Bulk food production Development of ways to process, package or store food etc

In conclusion, the Food Products & Processing Systems is the pathway in Agriculture, Food, and Natural Resource where the local butcher and a worker at the cereal factory.

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current assets minus current liabilities is called

Answers

Answer:

working capital also called net working capital (NWC)

Why does Staples participate in Anti-Money Laundering Compliance?

To improve business performanceTo prevent illegal activity and terrorismTo prevent fraud

Answers

The main reason why Staples participates in Anti-Money Laundering Compliance is to prevent illegal activity and terrorism

Based on the given question, we can see that money laundering is a federal offense which is punishable by law and is aimed at preventing money fraud whereby large sums of (illegal) money are moved from one place to another, usually to finance other illegal activities.

With this in mind, Staples which is a US Online Store which sells business essentials such as computers, printing services, etc engage in the Anti-Money Laundering Compliance so as to prevent illegal activity and terrorism

Therefore, the correct answer is option B

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An advantage of water transportation over road transportation was that a. canals made Philadelphia the center of commerce for midwestern trade. b. canals cost less to construct than roads. c. canal construction was easier to do than road construction. d. the federal government preferred to fund canal projects over road transportation. e. canals increased the speed of commerce over long distances.

Answers

The advantage of the water transportation over road transportation was that water transportation was faster than road transportation.

Water transport refers any form of transport that takes places on body of water. This is very effective because there are usually no hindrance to vessel movement on sea, ocean, rivers etc

The road transport entails the form of transport that take place of the road.

Hence, the advantage of the water transportation over road transportation was that water transportation was faster than road transportation.

Therefore, the Option F is correct.

Missing option include "F. water transportation was faster."

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One way a local community might regulate a shared and limited resource and reduce the tragedy of the commons is to:

Answers

Division of the resources into parcels as well as assigning them to individuals serves as a way that local community usually follow in regulations of shared as well limited resource.

limited resource serves as term used to describe that the quantities of available labor as well as  capital, land are finite.

In order to regulate these resources, the local community can divide the resources into parcel so it will be able to easy for allocation.

Another way is to assign this resources to individual one after the other.

Therefore, Division of the resources into parcels  one way to share the resources.

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Which of the following is a characteristic of an unstructured interview? a. Conducted by a professional interviewer b. Focuses on factual information c. Common in small businesses d. Limited information on the interviewee's personality Please select the best answer from the choices provided A B C D.

Answers

Unstructured Interviews are common in small businesses. Option C is correct.

What is an Unstructured Interview?It refers to an interview in which the questions are not prearranged by the interviewer that is to be asked to the respondents. Unstructured interviews are more casual and unrehearsed than structured interviews in which prearranged, standardized questions are asked. This provides free-flowing conversation on respondents' personal qualities and knowledge related to relate to the work.

Since in small companies, the work areas of employees are wider than the big corporate.

Therefore, unstructured Interviews are commonly used in small businesses to get a deeper understanding of respondents' personal qualities related to work.

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Answer:

it c

Explanation:

yw

A grid-based layout commonly used in website design is called what?

A. Rebus

B. Mondrian

C. Circus

D. Sihouette

Answers

A grid-based layout that is commonly used in the design of a website is called: B. Mondrian.

A website can be defined as a collective name that is used to describe series of webpages that are linked together with the same domain name. Also, all website are hypertext markup language (HTML) documents that contains codes, tags, image, audio, and video files, inserted to make them responsive and interactive with end users.

In Web design, a grid serves as an underlying structure upon which the layout of a website is built. The most commonly used grid-based layout for the design of a website is called Mondrian.

Mondrian is a grid-based layout that can be used to divide spaces on a website into clear sections, in order to enable the smooth navigation and transition of webpages and its contents.

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Students at a major university must go through several registration steps. Officials have observed that it is typically the case that the waiting line at the fee-payment station is the longest. This would seem to suggest that the fee-payment station is the ___________ in the student registration process. Multiple Choice capacity cushion first station bottleneck economy of scale diseconomy of scale

Answers

Answer:

bottleneck

Please give Brainliest answer if this has helped!

Explanation:

A bottleneck can be illustrated as a situation that causes a delay in a process. The waiting line at the fee payment station exists very long and this controls the smooth sailing of the registration procedure therefore it comprises a bottleneck.

What is a bottleneck in machine learning?

The bottleneck in a neural network exists only in a layer with more irregular neurons than the layer below or beyond it. Maintaining such a layer enables the network to condense segment expressions (of salient features for the target variable) to the most suitable fit in the available space.

A bottleneck can be illustrated as a situation that causes a delay in a process. The waiting line at the fee payment station exists very long and this controls the smooth sailing of the registration procedure therefore it comprises a bottleneck.

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A customer owns an ABC Call option. ABC declares a dividend for shareholders on record July 5th. The last day to exercise the option and get the dividend is: A June 30th B July 1st C July 2nd D July 3rd

Answers

Based on the information given, the last day to exercise the option and get the dividend is D. July 3rd.

A dividend simply means the distribution of profits by a  corporation to the shareholders. It's simply the profit shared with them.

Since the customer owns an ABC Call option and ABC declares a dividend for shareholders on record July 5th, then the last day to exercise the option and get the dividend is July 3rd.

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Allan borrowed $4200 from his father to buy a car. He repaid him after 4 months with interest of 7% per year. Find the total amount he repaid.

Answers

The total amount Allan repaid is $4,297

Allan borrowed $4200

He repaid it after 4 months

The interest incurred is 7%

The total amount Allan can be repaid can be calculated by multiplying the amount he borrowed by the number of months and interest

= 4,200 × (1 + 7/100 × 4/12)

= 4,200 × (1 + 0.07×0.333)

= 4,200 × (1+0.0231)

= 4,200 × 1.023

= 4,297

Hence the total amount he repaid is $4,297

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The CPI of a country in October is given to be 210. In November, the CPI rises to 220. What is the rate of inflation from October to November? Round
your answer to the nearest tenth of a percent if necessary. (1 point)
O 10.0%
O 4.8%
O 1.0%
O 4.5%

Answers

Answer:

4.8%

Explanation:

The rate of inflation is 4.8%.

Given that,

The CPI of a country in October is given to be 210. In November, the CPI rises to 220.

Based on the above information, the calculation is as follows:

= (220 - 210) ÷( 210)

= 4.8%

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If Kevin is currently insured under Leroux for his medical insurance under Plan A, how will the proposed changes affect his health care costs? a. Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured. B. Costs for regularly scheduled health care will go up, but Kevin will probably pay less than he would have if he finds himself seriously ill or injured. C. Both the cost for regularly scheduled health care and the cost for emergency health care will go down, making the changes very good for Kevin. D. Both the cost for regularly scheduled health care and the cost for emergency health care would go up, contradicting the intentions of Leroux Insurance.

Answers

Considering the case, of Kelvin, if he currently insured under Leroux for his medical insurance under Plan A, then, Costs for regularly scheduled health care will go down, but Kevin may end up paying more if he finds himself seriously ill or injured.

What is health insurance?

Health insurance can be regarded as the type of insurance that cover hospital visits as well as prescription drugs and wellness care.

Most health insurance do cover some other range of services such as cosmetic procedures and beauty treatments.

Since, Kelvin is currently insured under Leroux, then Costs for regularly scheduled health care will go down.

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Answer:

A!!!!!!!

Explanation:

Just believe me I got this

to implement the marketing concept, a firm must first

Answers

Answer:

obtain information about its customers' needs

Explanation:

You must know what your customers' needs are before you try to satisfy them.

A way of spreading stress among employees and providing a respite from particularly stressful jobs is basically job ______

Answers

Answer:

Job Rotation

Explanation:

Job rotation is basically a way of spreading stress among employees and providing a respite—albeit temporary—from particularly stressful jobs

Hope this helps!

Job rotation is a management strategy in which employees are rotated between two or more assignments or jobs at regular intervals to expose them to all aspects of an organization. It is a way of spreading stress among employees and providing a respite from particularly stressful jobs.

What is job rotation?

Job rotation is a well-planned practice that is used to reduce boredom from doing the same type of job every day and to discover an employee's hidden potential. It aids management in identifying employee talent and determining what he or she excels at. It allows a person to pursue his or her own interests and gain experience in various fields or operations.

Job Rotation is a pre-planned approach with the goal of testing the employee's skills and competencies in order to place him or her in the appropriate position. Furthermore, it reduces job monotony, provides them with broader experience, and assists them in gaining more insights.

Therefore the correct answer is job rotation.

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