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Jose, a director of Tech Corporation, learns that Tech has developed a computer chip that is faster than any other computer chip. Jose buys 1,500
Jose, a director of Tech Corporation, learns that Tech has developed a computer chip that is faster than any other computer chip. Jose buys 1,500 shares of Tech stock. He then tells Kim about the new chip, and she purchases 500 shares. Kim is aware that Jose works for Tech Corp. After the new chip is announced publicly, the price of Tech stock increases, and Jose and Kim sell their shares for a large profit. Under the Securities Act of 1934, liability may be imposed upon O a. Jose only. b. neither Jose nor Kim. O C. Jose and Kim Od. Kim only
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