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In an effort to increase the price of his holdings in Moosehead & Belfast Railroad Company (M&BRC), Jones logs on to several investor chat rooms
In an effort to increase the price of his holdings in Moosehead \& Belfast Railroad Company (M\&BRC), Jones logs on to several investor chat rooms on the internet to promote the company. He states that there is a rumour that M\&BRC is about to expand its rail network in anticipation of receiving a large, long-term contract from a Canadian paper company for shipping lumber. Jones' conduct is (Choose the best answer.) (No answer given) none of the choices. acceptable because the information on internet chat rooms is not expected to be reliable. unacceptable because it is intended to mislead investors. acceptable because Jones characterizes the information as rumour
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