Commercial Law, 2012 Bar — Question 66

MULTIPLE CHOICE

X, who is the Executive Vice President of ABC Corporation, a listed company, can be held liable or guilty of insider trading if, he — A) Bought shares of ABC Corporation when it was planning to acquire another company to improve its asset base, the news of which increased the price of the shares in the Stock Exchange. B) Bought shares of XY C Corporation, a sister company of ABC Corporation when he learned that XY C Corporation was about to also list its share in the Philippine Stock Exchange. C) Bought shares of ZZZ Corporation when he learned that ABC Corporation would acquire ZZZ Corporation. D) All of the above.

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