Seimone, an auditor for the ABC accounting firm, learns that her audit client, Bupkis Co., is about to announce a record profit. She buys Bupkis shares in a fake name and profits upon the public announcement. Which of the following is true?
A.The SEC may bring civil charges against Seimone.
B.The SEC may bring criminal charges against Seimone.
C.A andB.
D.None of the above.

Q&A Education