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Ptelwa Ptelwa
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6 years ago
Chiarella worked at a company that printed financial documents. In one documents, he read confidential information that allowed him to buy stock and make a nice profit because of his knowledge. When sued by the SEC for insider trading, the Supreme Court found Chiarella:
 a. guilty of violating Rule 10(b)-5 because he failed in his duty to disclose relevant information b. guilty of violating Rule 10(b)-5 because he traded in securities based on inside information c. guilty of violating Section 16(b) because he engaged in short-swing trading for profit
  d. guilty of securities fraud based on common law fraud e. none of the other choices
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6 years ago
e
Ptelwa Author
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6 years ago
Bravo this is awesome
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