Across
- 3. individual wrongly obtains info and trades on it for personal gain
- 7. 10(b) and 10b-5 aim to prevent this
- 12. selling security one does not yet own in hopes of purchasing at a lower price below delivery date
- 13. officers, directors, large stockholders of Sect 12 corps
- 14. a wrongful state of mind
- 15. similar antifraud provisions as Rule 10b-5
- 18. do this if 1. material misrepresentation for purchase 2. scienter 3. economic loss 4.causal connection between loss and misrep.
- 19. liability for sect 16(b) violations
- 20. provides a safe harbor for publicly held corps that make forward looking statements
Down
- 1. tippers/insiders are not liable unless they disclosed info FOR PERSONAL BENEFIT
- 2. willful violation of 1934 act
- 4. criminal AND civil liability
- 5. companies with assets over 10 Mil. and 500 shareholders
- 6. one time disclosure
- 8. anyone who acquires inside info as a result of insider's breach of fiduciary duty can be liable under 10b-5
- 9. regulation/registration of securities exchanges, brokers, dealers, and national securities associations
- 10. prohibits commission of fraud in connection with purchase/sale of security
- 11. prohibits use of any manipulative/deceptive mechanism
- 14. Insider Reporting and Trading; provides for recapture by corp of all profits realized by insider within any 6 month period
- 16. not needed for Sect 16(b) violations
- 17. regulates solicitation of proxies from shareholders of sect 12 companies