Jan is an attorney at a law firm and she knows information about change in the status of litigation against one of the corporate clients of her firm. She knows that the company is in huge legal trouble and is going to settle for billions of dollars, and this will subsequently probably reduce stock prices. So she sells all her stock immediately and tells all her friends with stock in the company to sell as quickly as possible. In this situation, . multiple choice Jan used inside material information to make a profit Jan did not engage in insider trading Jan did not use inside material information because the information she had was not important Jan did not use inside material information Jan has the legal right to use this private information for her personal gain in a capitalist society

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.