Jeff is the Chief Financial Officer of a large publicly-traded corporation. He knows that his company will have to restate its earnings downward shortly, because of some accounting errors. He also knows that this will cause the stock price, which is now $20 a share, to decrease sharply. Before the public announcement of the restatement, Jeff sells most of his shares to outside investors, who pay the current $20 market price, unaware of the coming restatement. Jeff may be charged with Group of answer choices Conspiracy to commit securities fraud Embezzlement All of these Obstruction of justice Insider trading

Insider trading

Explanation:

Insider Trading refers to when a person trades on material non-public information. It is frowned upon because it gives an unfair advantage to people who know the internal affairs of a company such that they benefit at the expense of others.

Material non-public information refers to information that the public does not know about but can be reasonably expected to impart stock prices if the public knew.

Jeff knows information that is both material and non-public and acted on it thereby profiting at the expense of those who bought his shares as their stake will reduce and they will make losses when the stock price goes down.

answer; ///i believe the correct answer is (c) laissez-faire;

c.

clarify customers’ doubts only when asked.