A ________ is a person who has access to material nonpublic information about a company or the securities market and who discloses it to someone who acts on that information.
A) bona fide purchaser
B) whistle-blower
C) boundary spanner
D) tipper

Question

Quizplus · Accepted Answer

A tipper is a person who discloses material nonpublic information to someone who then uses that information to trade securities. This is usually done for personal gain and is illegal under insider trading laws.

A ________ Is a Person Who Has Access to Material