Question

The ________ imposes liability under Section 10(b) and Rule 10b-5 on an outsider who misappropriates information about a company, in violation of his or her fiduciary duty, and then trades in the securities of that company.

A) Insider Trading Sanctions Act

B) Sarbanes-Oxley Act

C) tort of appropriation

D) misappropriation theory

Answer

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