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Topic: |
Business
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Number of pages / Number of words: |
14 / 3813 |
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Although he admonished her not to disclose the news, she nonetheless told her brother, who in turn told a friend. Both sold their Cubist stock, avoiding losses, when the price dropped after the public disclosure. Mrs. Rocklage could be liable for more than $300,000 in fines although she had not personally profited...
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Mrs. Rocklage could be liable for more than $300,000 in fines although she had not personally profited.[viii]
Just to show the magnitude of the insider trading, here is a single month in the lives of securities regulators and criminal prosecutors.
- May 3, 2007: Credit Suisse investment banker Hafiz Naseem is charged with tipping off a co-conspirator about pending acquisitions involving nine publicly traded companies, including TXU...
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General points of the essay
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