Greg,the president of an IT company,purchased a large number of shares of company stock before the news of a new revolutionary computer processor was made public that will cause company profits to increase considerably.This action by Greg could be considered an example of _____.
A)a Ponzi scheme
B)internal information
C)ethical behavior
D)information abuse
E)insider trading

Question

Quizplus · Accepted Answer

Insider trading is the illegal trading of a company's stock by people using confidential company information.

Greg,the President of an IT Company,purchased a Large Number of Shares