Luan, a programmer for Monetized Nation Inc., a business modeling service, learns of undisclosed company plans to distribute a new app. Luan reveals the company plans to a friend, Ono, who buys 5,000 shares of the firm's stock. Under the Securities Exchange Act of 1934, Ono is most likely
A) liable for insider trading.
B) not liable because Ono did not prevent others from profiting.
C) not liable because Ono did not solicit information from Luan.
D) not liable because Ono does not work for the firm.
Correct Answer:
Verified
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