Federico works as a senior accountant at Martinez Inc.,a multinational technology giant.As a senior accountant at the company,Federico had exclusive access to some of the sensitive financial information of Martinez.It was later found that Federico had sold some of the sensitive information to a rival company for an undisclosed amount.Which of the following describes Federico's activity?

Question

Quizplus · Accepted Answer

Federico's activity is considered insider trading because he used exclusive, sensitive financial information not available to the public to benefit financially by selling it to a rival company. Insider trading involves trading a public company's stock or other securities based on material, non-public information about the company.

Federico Works as a Senior Accountant at Martinez Inc