1. Richard Smith found out that PDA was going to report disappointing financial information. Therefore, he sold all of his stock, shorted even more shares, and suggested his parents do the same. Is there a problem here? 2. Was he home free after this ruling?

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1. Richard Smith found out that PDA was going to report disappointing financial information. Therefore, he sold all of his stock, shorted even more shares, and suggested his parents do the same. Is there a problem here?

2. Was he home free after this ruling?


Related Book For answer-question

Introduction To Business Law

3rd Edition

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

ISBN: 9780324826999