1. Richard Smith found out that PDA was going to report disappointing financial information. Therefore, he sold...

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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?

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Introduction To Business Law

ISBN: 9780324826999

3rd Edition

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

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Question Posted: Jan 18, 2012 06:25 AM

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1. Richard Smith found out that PDA was going to report disappointing financial information. Therefore, he sold...

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This is a classic case of insider trading He ha...View the full answer

Introduction To Business Law

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