Question

Which of the following was the result on appeal in Securities and Exchange Commission v. Texas Gulf Sulphur Co, the case in the textbook in which it was alleged that corporate employees possessed inside information involving the likelihood of a major mineral find precluding them from trading in their company's stock?

Answer 1

Answer: According to the case in the textbook, the result on appeal on in securities and exchange commission vs Texas Gulf sulphur co was that That the defendants could be held liable because they failed to reveal material information to the public.