10:54 il LIE Assignment Details Spring 2022 FINA 490-701 FINANCE INTERNSHIP Stravinsky is an arbitrageur who has made and makes millions from corporate takeovers, both as a white knight (friendly takeover) and as a black knight (hostile takeover). The value of stocks of companies he intended to buyout would increase significantly before he made a takeover bid. Sometimes, he would buy stocks just before he made a proposal and wait for the value of those stocks to increase. The SEC noticed that someone appeared to be leaking inside information to Stravinsky. Stravinsky's trades were handled through a number of trading houses with each house having several traders handling the buysell orders.. After the SEC audited a number of traders accounts they discovered that one had an overseas bank account which raised suspicions that this trader may be trading in both insider information passing information along to Stravinsky, but then "piggy backing" on Stravinsky's trades on his own account off shore, They were unable to access those bank records as the country involved has strict bank regulation and requirements regarding client confidentiality and there is no agreement of cooperation requiring that country to provide any information to any government agency, including the IRS. If true, what ethical challenge(s) would the trader have to address re: continuation of his/her license as a trader/broker, and what recommendation(s), if any, would you have to the SEC for continuing its investigation further? Submit Assignment 84 D Dashboard To Do Notifications Inbox