The purchase or sale of securities based on information one has a fiduciary duty not to use is the crime of money laundering.

Question

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Money laundering involves disguising the proceeds of illegal activities by making them appear as though they were obtained from a legitimate source. It is not directly related to the purchase or sale of securities based on information that one has a fiduciary duty not to use. However, the use of insider information for securities transactions can be a violation of securities laws and regulations.

The Purchase or Sale of Securities Based on Information One