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Refer to Fact Pattern 21-2

Question 56

Multiple Choice

Refer to Fact Pattern 21-2. Under the Securities Exchange Act of 1934, Giselle is most likely


A) liable for insider trading.
B) not liable because Giselle did not prevent others from profiting.
C) not liable because Giselle did not solicit information from Eddie.
D) not liable because Giselle does not work for Fresh Dairy.Fact Pattern 21-1 Drilling Tools, Inc., wants to make an initial public offering of securi-ties.Drilling Tools believes that it qualifies for an exemption under Regulation A from the full registration requirement of the federal Securities Act of 1933.

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