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NEW QUESTION: 1
Which of the following are characteristics of material nonpublic information?
A. The information has not been generally disclosed.
B. The information may be considered relevant by reasonable investors.
C. The information would have a substantial impact on the market if released.
D. All of these answers.
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Information is "material" if its disclosure would be likely to have an impact on the price of a security or if reasonable investors would want to know the information before making an investment decision. In other words, information is material if it would significantly alter the total mix of information currently available regarding a security. Information is "nonpublic" until it has been disseminated to the marketplace in general and investors have had an opportunity to react to the information.