Find out the dakota gasworks securities

Reference no: EM13784343

Dakota. Reliant was in the ?nal stages of planning a takeover of Dakota Gasworks, Inc., a natural gas distributor that operated solely within North Dakota. Emerson went on a weekend ?shing trip with his uncle, Ernest Wallace. Emerson mentioned to Wallace that he had been putting in a lot of extra hours at the of?ce planning a takeover of Dakota Gasworks. When he returned from the ?shing trip, Wallace purchased $20,000 worth of Reliant stock. Three weeks later, Reliant made a tender offer to Dakota Gasworks stockholders and purchased 57 percent of Dakota Gasworks stock. Over the next two weeks, the price of Reliant stock rose 72 percent before leveling out. Wallace then sold his Reliant stock for a gross pro?t of $14,400. Using the information presented in the chapter, answer the following questions.

1. Would registration with the SEC be required for Dakota Gasworks securities? Why or why not?

2. Did Emerson violate Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5? Why or why not?

3. What theory or theories might a court use to hold Wallace liable for insider trading?

Reference no: EM13784343

Questions Cloud

What specific area of forensics are you interested : Why would the items being investigated be important to the defense or to the prosecution? What specific area of forensics are you interested in, or what type of position are you interested in

Risk factors and protective factors : Drug use is found among all ages, genders, races, socioeconomic statuses, educational levels, and cultures. Throughout the course, you will follow the story of Aaliyah where you will apply the concepts you learn. In this module, you will meet Aali..

What role does technology have in social responsibility : Write a 200- to 300-word short answer response that addresses the following: What role does technology have in social responsibility?

Relationship disengagement issues : How can you communicate competently when ending relationships? Be sure to list specific disengagement strategies.

Find out the dakota gasworks securities : Would registration with the SEC be required for Dakota Gasworks securities? Why or why not? Did Emerson violate Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5? Why or why not?

How has this informed your experience in conducting research : How has this informed your experience in conducting research? The paper must be formatted according to APA style.

Indicates an independent and a dependent variable : Choose a topic that you would like to research if you were a social scientist. Construct a hypothesis that clearly indicates an independent and a dependent variable.

Power for creating social change : Who holds the power for creating social change within the social service industry? Support your answer.

Process of nonverbal communication : How does one locate them? include in this essay the types of appeal (with examples) one can incorporate in this type of speech.

User Account

All Pages