Which of the statements below is FALSE?
A)Officers of a company or others who have a fiduciary responsibility to the owners can trade on their acquired private information about the company prior to the information being made public.
B)One potential problem in the world of finance can arise when some owners or potential owners have access to more information about a company than do others.
C)Regulation Fair Disclosure (or Reg FD)requires companies to release all material information to all investors at the same time.
D)The 10-K must be filed within sixty days after the end of the company's fiscal year.

Question

Quizplus · Accepted Answer

This statement is false. Officers of a company or others who have a fiduciary responsibility to the owners are not allowed to trade on their acquired private information about the company prior to the information being made public. This is considered insider trading and is illegal.

Which of the Statements Below Is FALSE