Larry was working at his job at the landfill when he got off his tractor to take a break.He noticed some papers on the ground and went to throw them on a pile.As he held the papers he saw a confidential report from MegaCorp stating it would be announcing the development of a new super computer in two weeks.Larry has no relationship with MegaCorp.Larry mortgaged his house and borrowed all the money he could to purchase $300,000 worth of MegaCorp stock.Larry bought the stock for $32 a share.When the announcement was made public,MegaCorp's stock skyrocketed.Larry sold his stock a few weeks later and made a huge profit.Larry has:

Question

Quizplus · Accepted Answer

Larry had no relationship with MegaCorp and did not obtain the confidential information through any illegal means. Therefore, he did not commit insider trading or violate any laws or regulations. He simply made a shrewd investment and profited from it legally.

Larry Was Working at His Job at the Landfill When