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

Multiple Choice

Merle,the CEO of a corporation owning a number of pet stores,calls you for advice.Merle shares inside information that the stock of the company is going to go down because of reports that a number of dogs sold by the store had become ill and that Merle,therefore,immediately sold all personal stock in the company before the information became public.Then Merle tells you that counsel has warned of pending charges of securities violation involving Merle's insider trading.Which of the following is true regarding Merle's 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.