Question
Peter is the financial director of XYZ Ltd and owns 10 000 shares. The company has been doing badly and he sold his shares prior
Peter is the financial director of XYZ Ltd and owns 10 000 shares. The company has been doing badly and he sold his shares prior to the financial results of the company having been published. The share price did not move as a result of Peter's sale. Is he guilty of insider trading? Why?
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
