Rico Does Not Work for Street Bikes Company, but Wrongfully

Rico does not work for Street Bikes Company, but wrongfully obtains inside information concerning the firm. Based on the information, Rico buys and sells Street Bikes stock for personal gain. The Securities and Exchange Commission prosecutes Rico, arguing that he is liable because he stole information rightfully belonging to another. This argument is​

A) ​the blue-sky theory.
B) ​the misappropriation theory.
C) ​the free-writing prospectus theory.
D) ​the tipper/tippee theory.