Karel Svoboda, a credit officer for Rogue Bank, evaluated and approved his employer’s extensions of credit to cli-ents

Karel Svoboda, a credit officer for Rogue Bank, evaluated and approved his employer’s extensions of credit to cli-ents. These responsibilities gave Svoboda access to non-public information about the clients’ earnings, performance, acquisitions, and business plans from confidential memos, e-mail, and other sources. Svoboda devised a scheme with Alena Robles, an independent accountant, to use this informa-tion to trade securities. Pursuant to their scheme, Robles traded in the securities of more than twenty different compa-nies and profited by more than $ 2 million. Svoboda also exe-cuted trades for his own profit of more than $ 800,000, despite their agreement that Robles would do all of the trading. Aware that their scheme violated Rogue Bank’s policy, they attempted to conduct their trades in such a way as to avoid suspicion. When the bank questioned Svoboda about his actions, he lied, refused to cooperate, and was fired.

please answer this 3 questions
1. determine whether Svoboda or Robles committed any crimes.
2. decide whether Svoboda or Robles is subject to civil liability. If so, who could file a suit and on what ground? What are the possible sanctions? 3.identify any defenses that Svoboda or Robles could raise and determine whether the defenses would be likely to succeed.

WRITE THIS ESSAY FOR ME

Tell us about your assignment and we will find the best writer for your paper.

Get Help Now!

USE this book as one of the source
Cengage Advantage Books: Business Law Today: The Essentials: Text and Summarized Cases (11th Edition)

also USE securities Exchange Acts 1934 as reference.