Asked by Freddy Orellana on Jun 27, 2024
Verified
Assume the Securities and Exchange Commission (SEC) prosecutes someone for insider trading.That prosecution is an example of ________.
A) criminal law
B) procedural law
C) civil law
D) natural law
E) adherence to the Uniform Criminal Code
Criminal Law
The body of law that relates to crime and prescribes conduct perceived as threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.
Securities And Exchange Commission
A U.S. government agency responsible for enforcing federal securities laws and regulating the securities industry.
Insider Trading
The buying or selling of a publicly-traded company's stock by someone who has non-public, material information about the stock.
- Understand the distinctions among different kinds of legal systems, such as statutory law, criminal law, civil law, public law, and private law.
Verified Answer
SS
shaurya sethiJun 29, 2024
Final Answer :
A
Explanation :
One example of a criminal law is the prohibition against insider trading on the stock exchange.Insider trading occurs when an individual uses insider,or secret,company information to increase her or his own finances or those of family or friends.
Learning Objectives
- Understand the distinctions among different kinds of legal systems, such as statutory law, criminal law, civil law, public law, and private law.