[Camping profits] Eva is the vice president at Big Chain Camping Goods Store.She learns that the company is soon going to purchase a smaller chain of stores.It is expected that stock in Big Chain Camping Goods will rise dramatically at that point.Eva immediately buys a number of shares of her company's stock.She also tells her friend Claire about the expected purchase of stores.Claire wants to purchase stock in the company but lacks the funds with which to do so.Although she did not have the funds in Bank A,Claire decides to draw a check on Bank A and deposit the check in Bank B and then proceeds to write a check on Bank B to cover the purchase of the stock.Claire hopes that she would have sufficient funds to deposit before the check is presented for payment.
-By purchasing stock in her company,Eva is guilty of which offense?

Question

Quizplus · Accepted Answer

A)Insider trading is generally the buying or selling of a security,in breach of a
fiduciary duty or other relationship of trust and confidence,while in possession of material,nonpublic information about the security.
B)Insider trading is generally the buying or selling of a security,in breach of a fiduciary duty or other relationship of trust and confidence,while in possession of material,nonpublic information about the security.
C)Insider trading is generally the buying or selling of a security,in breach of a fiduciary duty or other relationship of trust and confidence,while in possession of material,nonpublic information about the security.
D)Insider trading is generally the buying or selling of a security,in breach of a fiduciary duty or other relationship of trust and confidence,while in possession of material,nonpublic information about the security.
E)Insider trading is generally the buying or selling of a security,in breach of a fiduciary duty or other relationship of trust and confidence,while in possession of material,nonpublic information about the security.

[Camping Profits] Eva Is the Vice President at Big Chain