Drew is an officer of Energy Fuel,Inc.Drew knows that an Energy engi?neer recently developed a new,inexpensive method for converting hy?dro?gen into fuel.Drew takes advantage of this information to buy Energy stock from Gert and,after the discovery is announced,to sell the stock to Holly at a profit.Gert claims that this is a violation of federal law.Is Gert correct? If so,what federal law has Drew violated,and what are its possible penalties?
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