Answer the four questions pls. Jessica is an accountant at Mercury Global, a large international...
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Answer the four questions pls.
Jessica is an accountant at Mercury Global, a large international firm where she works on potential acquisitions of other companies. When Mercury Global is preparing to acquire a company, Jessica is involved in filing the necessary regulatory paperwork with the Securities and Exchange Commission (SEC).
Jessica has been dating Alex for two years; they are now discussing marriage. Alex works as a salesperson for a golf equipment distributor in the city.
Over the past two years, Jessica has talked generally with Alex about what shes doing at work. She does not go into great detail, but does occasionally mention company names from work. Jessica has given her phone passcode to Alex so he can answer calls for her or look things up for her when shes the one driving. Alex has read some of her emails by using the phone passcode. He has also overheard a few phone conversations she has had when a colleague calls her from work with a question.
Unbeknownst to Jessica, Alex has been sharing information he has gotten from her with his stockbroker friend, Jordan. Alex will call Jordan to give him a heads up that Jessicas company is possibly going to be acquiring another company soon. Jordan will then place an order to buy the stock of the company under consideration to be bought and will later split the profits of the trade with Alex.
Jessica has not shared any information intentionally, nor has she directly profited from Alexs stock trades.
1. What major issues, if any, can you identify in the situation as described?
2. Identify anyone that you believe that is affected by Alex and Jordans activities. Explain briefly your concerns.
3. What are the consequences to each individual associated with Alex and Jordans actions?
4. What are the implications of each named persons actions or inactions regarding the trading activity?
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