14.which of the following was essential to the court\'s decision in Director of
ID: 385460 • Letter: 1
Question
14.which of the following was essential to the court's decision in Director of Public Prosecutions (Cth) v Hill [2015] VCS 86: a. Australia's insider trading laws. b. f information is able to be found/observed, but it has been learned by only a few people so far, then that information is not yet 'generally available' and so it can be classified as 'inside information c. inside information can be acquired indirectly, by observation of others' conducts and drawing inferences from those observations d. Information affecting foreign currency exchange rate contracts (traced on the Foreign Exchange market) can be 'inside information' for Australia's insider trading laws.Explanation / Answer
a. Australia's insider trading laws
The laws and regulations related to insider trading needs to be known and based on that the court decided a record breaking punishment for imprisonment of the guilty.
b. If information is able to found/observed, but it has been learned by only a few people so far, then that information is not yet generally available and so it can be classified as inside information
As in this case most of the information was confidential and Mr. Hill passed on the information to Mr. Kamay which helped him make the 45 transactions in order to benefit from the same and therefore this is considered as insider trading as well.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.