Molly,the CEO of a Corporation Owning a Number of Pet

Multiple Choice

Molly,the CEO of a corporation owning a number of pet stores,calls you for advice.She tells you that she received inside information that the stock of the company was going to go down because of reports that a number of dogs sold by the store had become ill and that she,therefore,immediately sold all her stock in the company before the information became public.She tells you that she has been advised that she is going to be charged with a securities violation involving insider trading.Which of the following is true regarding her situation?

A) Corporate executives may be fined but may not be sent to jail.
B) Corporate executives may be sent to jail, but only for offenses endangering others.
C) Corporate executives may be sent to jail, but only for fraud involving banks.
D) Corporate executives may be sent to jail for violation of criminal laws.