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Question
Fact Pattern 41-1Tina, an accountant for United Technology, Inc., learns of undisclosed company plans to market a revolutionary new desktop computer. Tina buys 1,000 shares of United stock. She reveals the company plans to Vic, who buys 500 United shares. Vic tells Wendy, who buys 100 shares. Wendy knows that Vic got his information from Tina. When United publicly announces its new desktop, they all sell their stock for a profit.
Refer to Fact Pattern 41-1. If Vic is subject to liability, it would be because the information on which he based his purchase of United stock was
a. about United's future plans.
b. not material.
c. not public.
d. revolutionary.
Answer
This answer is hidden. It contains 1 characters.
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