The U.S. Securities and Exchange Commission periodically charges individuals with insider trading and claims those individuals have made unfair profits. Given this, you would be most apt to argue that the markets are less than ________ form efficient.
A) weak
B) semiweak
C) semistrong
D) strong
E) perfect

Question

Quizplus · Accepted Answer

Insider trading suggests that all information, especially non-public information, is not fully reflected in stock prices, indicating that markets are less than strong form efficient.

The US Securities and Exchange Commission Periodically Charges Individuals with Insider