1. BLANK 1: Securities Enforcement and Remedies Commission, Securities and Exchange Commission, Wall Street Reform and Consumer Protection Commission, Securitires Enforcement Agency. BLANK 2: Independent Regulatory, Administrative

2. BLANK 1: 1933, 1934, 1935.

3. BLANK 1: 1, 5, 10, or 25 Million. BLANK 2: 1, 100, 500, 1,000, 5,000, 10,000.

4. BLANK 1: 10(a), 10(b), 10(c), 10(d).

5. BLANK 1: fraud, greed, nondisclosure, duress.

6. BLANK 1: 10a-1, 10b-5, 10c-7, 10d-9.

Insider Trading 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. Is Gain guilty of insider trading? What is required to impose sanctions for this offense? Could a court hold Gain liable? Why or why not? 1. The Securities Exchange Act of 1934 created the Select as an Select agency 2. The Securities Exchange Act of Select provides for the regulation and registration of securities exchanges, brokers, dealers, and national securities associations. 3. The Securities Exchange Act applies to companies that have assets greater than Select , and more than Select shareholders. 4. One of the more important sections of the Securities Exchange Act of 1934 is section Select. 5. The purpose of this section is to prevent Select in relation to the buying and selling of securities. 6. An important rule that the SEC has promulgated is SEC Rule Select