Sara, an employee of PentaComp Inc., passed on confidential information of her company to her friend. Her friend benefitted from selling PentaComp's stock based on the information shared by Sara. In this scenario, Sara can be convicted of ____.

Question

Quizplus · Accepted Answer

"Insider trading" refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. It may also include "tipping" such information, securities trading by the person "tipped" and securities trading by those who misappropriate such information.

Sara, an Employee of PentaComp Inc