In an effort to profit from stock market trading, Tony landed a job with the Newport Group. Tony intends to use his position to obtain privileged information about his new employer that would not be available to the public. While he realizes that he may be benefiting unfairly, he is not acting illegally because he is an employee.

Question

Quizplus · Accepted Answer

Insider trading is the name applied to this strategy. It is illegal to benefit unfairly from fluctuations in security prices based upon information not available to the general public.

In an Effort to Profit from Stock Market Trading, Tony