Question: solve the question using IRAC METHOD. WORD LIMIT: 800 A Describe what is meant by insider dealing and market abuse and identify the key legislation

solve the question using IRAC METHOD. WORD LIMIT:

solve the question using IRAC METHOD. WORD LIMIT: 800

A Describe what is meant by insider dealing and market abuse and identify the key legislation that applies in the UK. (50 marks) B. Johnnie is a Director of Newgames Plc who make the wildly successful video game Driablo. The Board of Directors has just finished hammering out a deal to sell the company to Computergiant Plc. Johnnie is a little unhappy with the final deal (selling out to the man) and decides that some people at least can benefit from the deal. He gives his sister 5000 to invest in Newgames Plc. before the sale is announced. When the news hits the socials, Newgames Plc shares go from 10 per share to 100. Explain to Johnnie and his sister what civil and criminal offences they have committed. (50 marks)

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