Ben Is a Manager at Unique Accessories Inc

Ben is a manager at Unique Accessories Inc. and is friends with the company's CEO. This privilege gives Ben the information that Unique Accessories is in the midst of talks to take over a leading rival. Ben buys stocks of Unique Accessories with the expectation that its stocks will appreciate. But the deal falls through, and the stocks of Unique Accessories depreciate in the following months. Are Ben's actions unethical? Why or why not?

A) Yes. It is unethical to trade stocks based on insider information, irrespective of the final outcome.
B) Yes. It is illegal and unethical for Ben to possess any kind of insider information.
C) No. Ben did not ask the CEO to disclose such information to him.
D) No. Ben did not make any profits from trading stocks using this information.