Jaxon works as a senior accountant at Martinez Inc. ,a multinational technology giant.As a senior accountant at the company,Jaxon had exclusive access to some of the sensitive financial information of Martinez.It was later found that Jaxon had sold some of the sensitive information to a rival company for an undisclosed amount.Which of the following describes Jaxon's activity?

Question

Quizplus · Accepted Answer

Jaxon's activity is best described as insider trading, which involves using non-public information for personal gain in financial markets. The fact that he sold sensitive financial information to a rival company suggests he gained an unfair advantage and violated his duty of confidentiality and integrity as a senior accountant. Underwriting is a process of issuing new securities to the public, limit order is a type of order placed in the stock market, and check clearing is a process of transferring funds from one account to another. None of these terms accurately describe Jaxon's illicit activity.

Jaxon Works as a Senior Accountant at Martinez Inc