"I am a chemist with the nation's largest chemical company.We have secretly developed a cure for three of the world's most serious epidemics.Before this news breaks out,I'm going to buy as many shares of stock in my company as I can get my hands on.Then I'll sit back and watch the stock price head for the sky." The person making this statement is about to engage in ________.

Question

Quizplus · Accepted Answer

The person making this statement is going to use privileged information not yet available to the public (the development of a cure) to buy shares and profit from the stock price increase. This is illegal insider trading. Selling shares (A), blue-sky trading (C), and open-market operations (D) do not accurately describe the actions being taken.

"I Am a Chemist with the Nation's Largest Chemical Company