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History -Richie, a Shrewd Investor, Just Purchased 6% of the Equity

Question 74

Multiple Choice

History
-Richie, a shrewd investor, just purchased 6% of the equity of Inter-Net, Inc. Why must Richie report this transaction to the Securities and Exchange Commission (SEC) ?


A) Because of concerns about insider trading issues.
B) Because of concerns that the transaction is unconscionable.
C) Because of concern that the trade is erroneous.
D) Because of concerns about a possible takeover.
E) None of the above.

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