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Questions and Answers
Penalties for insider trading may include all of the following except
Penalties for insider trading may include all of the following except
- up to $5 million for a person
- up to 20 years in prison for a person
- up to $25 million for a firm
- up to 20 years in prison for a firm (correct)
All of the following are types of prohibited activities except
All of the following are types of prohibited activities except
- wash sales (correct)
- pump and dump
- churning
- front running
Jim is a restricted person under Rule 5130. Which of the following members of Jim's family may buy a new issue at the IPO?
Jim is a restricted person under Rule 5130. Which of the following members of Jim's family may buy a new issue at the IPO?
- Jim's brother Robert
- Jim's grandfather Farris (correct)
- Jim's sister DeAnn
- Jim's daughter April
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Study Notes
Insider Trading Penalties
- Insider trading penalties may exclude certain punishments
Prohibited Activities
- Certain activities are not considered prohibited
Restricted Persons and IPO
- Jim, as a restricted person under Rule 5130, has family members who are not allowed to buy new issues at the IPO
- Only certain family members of Jim are permitted to buy new issues at the IPO
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