What was the verdict of R V Rivkin regarding insider trading?

The correct answer reflects the outcome of the R v Rivkin case, where he was found guilty of insider trading and received a sentence of 9 months of periodic detention. This means that rather than serving time in prison, Rivkin was required to undertake a period of detention that allowed for some flexibility, often allowing him to maintain his daily work commitments or other responsibilities while still serving the sentence in a monitored environment.

This verdict is significant in the context of legal studies as it illustrates how the law addresses financial crimes like insider trading, which undermines market integrity and investor trust. The periodic detention sentence also highlights the legal system's ability to impose alternatives to traditional incarceration, reflecting a focus on rehabilitation in some cases rather than purely punitive measures.

The other options do not accurately represent the outcome of the case. The verdict was not an acquittal on appeal, nor did it result in a sentence of 12 months or any reduction of the original sentence, as those alternatives suggest different outcomes than what was determined in the case.