Refer to Fact Pattern 24-3.If Dhani is liable under the Securities Exchange Act of 1934,it will be because the information on which he based his purchase of Eureka stock was

Name: Refer to Fact Pattern 24-3.If Dhani is liable under the Securities Exchange Act of 1934,it will be because the information on which he based his purchase of Eureka stock was
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Under the Securities Exchange Act of 1934, liability can arise from trading on non-public, material information, which is considered insider trading.