The goal of securities regulation is to:
a. prescribe ways and means for investors to fairly break the rules.
b. prohibit deceptive and manipulative practices in the securities markets.
c. none of the choices.
d. contribute to the operations of national securities exchange.
Gil is an officer for HVAC Corporation. Due to Gil's choice of a certain supplier, HVAC's costs are somewhat higher than they might have been if a different supplier had been chosen. Gil is most likely liable for breach of:
a. breach of the business judgment rule.
b. breach of trust and confidence.
c. none of the choices.
d. negligence or mismanagement.
Say It Inc. and Text Talk Inc. are social media companies. They compete for employees, users, and advertisers. The two firms work together on security threats, however. With respect to antitrust law, this cooperation is most likely:
a. a violation because it concerns sharing confidential information.
b. a violation because it is not possible to completely thwart such fraud.
c. not a violation because it is not anticompetitive.
d. a violation because it involves setting aside competitive differences.