Question

(p. 335) Which of the following is not an instance of "insider trading"?
A. An auditor using nonpublic information about the company to invest in its stock.
B. A marketing executive briefing stock analysts on the company's sales performance.
C. The CEO's cousin buying stock after the CEO mentioned a pending offer to buy the company.
D. A stock broker passing an "inside tip" to a client, but not trading for his or her own account.

Answer

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