Derek,Alex and Jorge each own stock in Roundball,Inc.Derek is the chief executive officer,Alex is a fifteen-percent shareholder,and Jorge owns one hundred shares,which is less than one percent of the company's outstanding stock.During the first quarter of 2008,each of the three have bought and sold various numbers of shares in Roundball,and each has realized a significant profit.None of the three have used insider information when making any of their transactions.Has a violation of the 1934 Securities Exchange Act occurred,and if so,by whom?

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The Answer of Derek,Alex and Jorge each own stock in Roundball,Inc.Derek is the chief executive officer,Alex is a fifteen-percent shareholder,and Jorge owns one hundred shares,which is less than one percent of the company's outstanding stock.During the first quarter of 2008,each of the three have bought and sold various numbers of shares in Roundball,and each has realized a significant profit.None of the three have used insider information when making any of their transactions.Has a violation of the 1934 Securities Exchange Act occurred,and if so,by whom?

Derek,Alex and Jorge Each Own Stock in Roundball,Inc