1. What is the rule under which the Securities and Exchange Commission ("SEC") prosecutes insider trading.______________
2. Under the rule identified above, which theory of liability involves a corporate insider sharing non-pubic information with someone outside the corporation?_________

These 2 are T/F

Tom and Lisa plan to open a business as a limited liability company.

1. As owners of the business, each of them will be members.(T/F)
2. If the company is member-managed, each decision must be documented in written company resolutions.(T/F)