Refer to Fact Pattern 21-2

Refer to Fact Pattern 21-2. If Eddie is liable under the Securities Ex-change Act of 1934, it will be because the information on which he based his purchase of Fresh Dairy stock was

A) a forward-looking forecast.
B) not material.
C) not yet public.
D) not yet true.Fact Pattern 21-3 Dhani, an accountant for Eureka! Inc.learns of undisclosed company plan-s to market a new laptop.Dhani buys 1,000 shares of Eureka! stock.He reveals the company plans to Fay, who tells Geoff.Both Fay and Geoff buy 100 shares.Geoff knows that Fay got her information from Dhani.When Eureka! publicly announces its new laptop, Dhani, Fay, and Geoff sell their stock for a profit.