Q. 2.Why study business ethics? Q. 3. What is the primary objective of U.S. antitrust laws? Q. 4. Why was the Sarbanes -Oxley Act enacted? Q. 5. What is the difference between athical delama and ethical Q. 6. When do you consider insider trading legal? Q1. Ordinary decision does not have ethical decision tied in to it. Which means the ordinary decision does not have much effect as making ethical decision. The Q2. It is important to study business ethics, because businesses
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offices that had information on a number of companies, especially those about to file for bankruptcy. Mary and Albert both were able to use this information provided by his uncle to benefit their clients’ portfolios. A third ethical issue is Mary used insider information from her father who worked for a major health care company. The management team was running the company into the ground. Mary found a company that was interested in doing a hostile takeover. Mary told several of her best clients, who in
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exchange, pull the inspirational appeal, pull the personal appeal, pull ingratiation, and pull conclusion. The first influence tactic type was pushed the pressure Bud. For example, Bud had a lot of responsibility. Gekko pressured him to find out insider information that he needed to make specific decisions. Without those information, Gekko was not happy because he didn’t generate money from it. The second influence tactic types were upward appeal. Bud’s didn’t report anything to his boss. Also
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Insider Trading in the Gallop Inc Case Facts 1) Gallop Inc. predicted third quarter earnings of 45cents per share. 2) A likely material litigation of $10m was made against Gallop Inc concerning personal injury on a 9years old boy who was allegedly injured while using Gallop Inc. most popular product. 3) A press release was to be made. But before it was released, the VP Marketing, a director and an outside counsel sold their Gallop shares at the prevailing market price. 4) A copy of the soon
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Tribunal 18 April 2012 Court of Appeal CA Civil Appeal No 256 of 2010 CACV 256/2010 Citations:|[2012] 2 HKLRD 786 English Judgment[2012] HKEC 535 English Judgment| Presiding Judges: |Cheung, Yuen and Chu JJA| Phrases: |Banking and finance - insider dealing - fund manager found culpable by dealing in shares of company after equity salesman gave him information about proposed placement of company's shares - whether s.270(1)(e) elements that equity salesman "connected person", fund manager's knowledge
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shares in her account. Soon after, Sam Waksal's accountant tried to sell Sam's shares as well. Faneuil told Bacanovic about the Waksals' desire to sell, and Bacanovic quickly called Stewart, leaving a message that ImClone's stock was going to start trading downward. Stewart sold her ImClone shares on the afternoon of the 27th. The following day, December 28th, The Food and Drug Administration reported publicly that ImClone’s promising cancer drug Erbitux was not going to be approved. After the announcement
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In defense of non legalization of insider trading in the U.S. I will discuss and analyze the ethical issues. Although shareholders that buy and sell stock in their own companies are doing so legally, I believe the influence to cross the line is too much of a temptation. With illegal insider trading often being difficult to prove and strenous to investigate we should not legalize insider trading. Buying or selling security, in breach of trust and confidence , while in possession of material, non public
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Collar Crime – Homework #1 The elements of white collar crime that gave rise to the enactments of the statutes were bank fraud, making false statements to banks and auditors, securities fraud, wire fraud, money laundering, conspiracy, and insider trading. Enron’s accounting practices Enron had created offshore entities, units which may be used for planning and avoidance of taxes, raising the profitability of a business. This provided ownership and management with full freedom of currency movement
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comfortable with each other and had moved to daily phone calls and messages. Eventually the communication became more than just trading tips for personal favors. Murdoch shared tips with another man she met online who happened to become her supervisor and she shared tips with her father who was charged with securities fraud earlier on. Over time, the SEC caught wind of her trading activities and started an investigation on her which led to a full blown criminal investigation about her activities. She eventually;
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UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ------------------------------------- x UNITED STATES OF AMERICA, : : -v: : RAJAT K. GUPTA, : : Defendant. : ------------------------------------- x JED S. RAKOFF, U.S.D.J. 11 Cr. 907 (JSR) SENTENCING MEMORANDUM AND ORDER The Court is called upon to impose sentence on Rajat K. Gupta, who on June 15, 2012, was found guilty by a jury of one count of conspiracy and three counts of substantive securities fraud, in connection with providing
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