Exam 40: Corporate Governance and Securities Law

Kipling Metals Corporation is publicly held.Under the Securities and Exchange Commission's "notice and access" model rules,Kipling's dissemination of proxy materials to its shareholders by posting them on a Web site is

Dazzlin Discoveries,Inc. ,sends its employees,including Elron,an e-mail to disclose certain positive company information that is not yet revealed to the public.Elron buys Dazzlin stock and sells it ten business days later-after the e-mail information is publicly disclosed-for a profit.Elron is charged with trading illegally on inside information.During his trial,Elron denies that he read the e-mail before buying the stock.The prosecutor asserts that the Dazzlin office was "abuzz" with the information,but this was not noted in the indictment.Based on the decision in United States v.Bhagat,the "office abuzz" reference is

Excel Corporation is publicly held.Under the Securities and Exchange Commission's Regulation Fair Disclosure,the dissemination of material nonpublic information about Excel solely through Excel's Web site is

In the facts of the previous question,under the dissent's reasoning in United States v.Bhagat,the "office abuzz" reference is

The result in United States v.Bhagat indicates that an employee who wants to buy or sell stock in his or her employer's firm on the basis of not-yet-public information should