Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $ 20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $ 14,400 at the time when EW sold his stock of REC. To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

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Chapter 28, Problem 2RE

Summary Introduction

Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $14,400 at the time when EW sold his stock of REC.

To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

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Question

Chapter 28, Problem 2RE

Summary Introduction

Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $14,400 at the time when EW sold his stock of REC.

To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

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Answer 3

Question

Chapter 28, Problem 2RE

Summary Introduction

Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $14,400 at the time when EW sold his stock of REC.

To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

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Answer 4

Question

Chapter 28, Problem 2RE

Summary Introduction

Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $14,400 at the time when EW sold his stock of REC.

To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

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Answer 5

Chapter 28, Problem 2RE

Summary Introduction

Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $14,400 at the time when EW sold his stock of REC.

To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

Answer 6

Chapter 28, Problem 2RE

Summary Introduction

Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $14,400 at the time when EW sold his stock of REC.

To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

Answer 7

Chapter 28, Problem 2RE

Summary Introduction

Case s ummary: Person DE was serving as the chief financial officer for a company REC. The company was an electricity distributor in some parts of North Dakota. Company, REC was taking over a company, DGI that was distributing natural gas within the premises of North Dakota. DE went for a trip with his uncle EW. During the trip, DE told his uncle that he has been investing a lot of extra time in company REC as it was taking over the natural gas distributing company DGI. Person EW purchased a stock of $20,000 in company REC after returning from the trip. The value of stock rose by 72 percent, which resulted in a profit of $14,400 at the time when EW sold his stock of REC.

To f ind : The violation of the various section 10 (b) of SEA, 1934 and SEC Rule 10-b by the person EW.

Answer 8

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Answer 11

Ch. 28 - Prob. 1RE Ch. 28 - Prob. 2RE Ch. 28 - Prob. 3RE Ch. 28 - Prob. 4RE Ch. 28 - Prob. 1IS Ch. 28 - Prob. 2IS Ch. 28 - Prob. 1BS Ch. 28 - Prob. 2BS Ch. 28 - Prob. 3BS Ch. 28 - Prob. 4BCP

Solution Summary: The author explains that person DE was serving as the chief financial officer for a company REC, an electricity distributor in some parts of North Dakota.

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Chapter 28 Solutions