Which of the following statements regarding insider trading is true?
a) A person involved in insider trading is guilty if the information divulged was not generally available.
b) A person involved in insider trading is not guilty if the information divulged was generally available and might have a material effect on the price of the security.
c) Insider trading information is information that is not generally available and if known would influence a person to buy or sell certain securities.
d) Insider trading information is information that may influence a person to buy or sell certain securities.
Which of the following statements regarding trade price adjustments is false?
a) The Exchange may adjust trade prices or cancel trades where it believes such action is necessary in the interest of an orderly and fair market.
b) The Exchange may review a trade executed on its own volition or upon the request of a Trading Participant.
c) If the price of the trade under review is determined to be within the Non-Reviewable Range, the trade will be cancelled.
d) If the price of the trade under review is determined to be outside the Non-Reviewable Range, the price of the trade may either be adjusted or cancelled as the Exchange sees fit.
Which of the following statements regarding a Participating Organisation is false?
a) Compliance staff of a Participating Organisation may perform roles such as that of an in-house legal counsel.
b) A Participating Organisation should have an independent compliance function with staff who are suitably qualified and independent from the front office.
c) A Participating Organisation should designate a senior staff from the front office to be responsible for compliance.
d) A Participating Organisation may engage an external service provider to support its compliance arrangements.