Choose one of the scenarios below and discuss whether or not you believe the firm has violated the law. Make sure to fully explain your answer, considering both the securities law and corporate governance issues that the corporation must address. Insider Trading: Boreco Drilling company drilled a hole in 2017 that appeared to yield a core with an exceedingly high mineral content. Keeping this secret, Boreco officers, directors, and employees made substantial purchases of company stock or accepted stock options. On April 11, 2018, an unauthorized report of the discovery appeared in the newspapers. On April 12, Boreco issued a press release that played down the find. Later, after the completion of test drilling, Boreco announced a strike of at least 25 million tons of ore, substantially driving up the price of its stock.