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Jack Richman Works as a Senior Manager at the Brown

Question 11

True/False

Jack Richman works as a senior manager at The Brown Brothers Co. During a recent strategy session, Jack learned that the company was on the verge of announcing a major technological breakthrough. He's confident that once the breakthrough is announced to the public, the price of the company's stock will surge dramatically. If Jack buys more of his company's stock before the announcement, his actions could be investigated by the Securities and Exchange Commission.

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