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Question
Dave, an accountant, does not work for Eagle Oil Company, but wrongfully obtains inside information concerning Eagle. Based on the information, Dave buys and sells Eagle stock to his personal gain. The SEC prosecutes Dave, arguing that he is liable because he stole information rightfully belonging to another. The SEC's argument isa. the blue-sky theory.
b. the misappropriation theory.
c. the red-herring theory.
d. the tipper/tippee theory.
Answer
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