The 1988 Insider and Securities Enforcement Act indicates that a person convicted of insider trading can be subject to which of the following penalties?
A) up to 10 years in prison and a fine of $1 million or up to 3 times the amount of profits gained, or
B) up to 3 years in prison, a $5,000 fine, or both
C) up to 5 years in prison and a fine of $1,500,000 or both
D) up to 7 years in prison and a fine equal to 200% of the amount of profits gained or losses avoided
Correct Answer:
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