Question
Pablo (an Australian citizen and recent MBA graduate from an USA lvy league university) is in his fifth month working as an Associate at Top
Pablo (an Australian citizen and recent MBA graduate from an USA lvy league university) is in his fifth month working as an Associate at Top Investment Bank (TIBin New York City. He is working on a merger/acquisition transaction involving Amazing American Chicken Inc.AAC" - an US publicly traded company on the New York Stock Exchange), and Awesome Australian Beef Ltd(AAB - an Australian incorporated company publicly traded on the New York Stock Exchange). Pablo works from home on Mondays, and one day his girlfriend, Fiona, while assisting the house maid cleaning the study, accidently saw on Pablo's computer screen details about the merger/acquisition. Fiona's biological father (but divorced from her biological mother) is the CEO of AAB. Fiona was shocked to see that her father could be out of the job and if so, this will trigger a clause in the family trust fund which will result in the end of the generous stipend she receives. Fiona, in a panic. Group FaceTime call her stepbrothers, Sam (Retail Stock Trader living in Sydney. Australia) and John (Financial Advisor.living in Los Angeles, USA) and told them of what she saw and that their stipend may end also. Sam purchased Us$50.000 shares of AAC. John purchased US$50.000shares of AAB. 9 months later. Sam sold his AAC shares for 2X the purchase price and John sold his AAB shares at the same time for 4X the purchase price. According to America laws, Who might be responsible for insider trading? (select all, if any, that apply) A.Pablo B.Fiona C.AAB D.AAC E.TIB F.Sam G.John
According to Australia laws, Who might be responsible for insider trading? (select all, if any, that apply) A.Pablo B.Fiona C.AAB D.AAC E.TIB F.Sam G.John
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started