If a broker buys or sells stocks based on confidential information,it is called
A)fraud.
B)insider trading.
C)a violation of the security law.
D)churning.

Question

Quizplus · Accepted Answer

Insider trading refers to the buying or selling of stocks by someone who has access to confidential, non-public information about the stock. This practice is illegal and considered a serious violation of securities law.

If a Broker Buys or Sells Stocks Based on Confidential