Exam 6: Securities Fraud

Investors have brought an element of violence to Wall Street seldom seen in the white-collar world of securities fraud.

Darlene Gillespie, who went from Mouseketeer to racketeer, is an example that those who commit security fraud:

Dennis Levine was involved in ________________ and acquisitions.

Some argue that the law has been ineffective in deterring insider trading because:

The risk/reward ratio of white-collar crime has severely limited the deterrent value of criminal punishments.

A form is insider trading is ________________ running.

Public confidence in the honesty of its financial markets was shaken in the 1960s by a seemingly endless chain of scandals.

An argument in favor of regulation is that the economy is a social institution needing both efficiency and ________________.

Why is the economy considered the most important of all social institutions? How does security fraud affect the public's perception of the economy?

Many scholars have suggested that the ________________ is the most dominant institution in the United States.

Martin Seigel's punishment for insider trading included all of the following except:

Corporate restructuring means downsizing, which is a euphemism for large-scale layoffs and firings.

All of the following are terms applicable to Michael Milken's favorite investment vehicle except:

All of the following statements describe Paul Thayer except:

Develop a more effective deterrence program for white-collar criminals.What needs to be done that is not being done at present?

Ivan Boesky was involved in what aspect of the stock trade?

An argument in favor of regulation is that the economy is a social institution needing both efficiency and:

Insider trading is an example of illegal ________________ manipulation.

As a result of the Boesky disclosure, the stock market:

Levying fines against wrongdoers is an example of what theory of punishment? This theory does not appear to be working.