The CEO of a pharmaceutical firm learns that the FDA is going to deny approval for one of the company's drugs.He knows this will have a negative effect on the company's stock,so he quickly tells his broker to sell all of his shares of stock in the company before the news is announced.This is an example of ________.

Question

Quizplus · Accepted Answer

E) The use of unpublicized information that an individual gains from the course of his or her job to benefit from fluctuations in the stock market is called insider trading.

The CEO of a Pharmaceutical Firm Learns That the FDA