With a clear relationship as a tipper and a tipee, buying or selling securities in an attempt to make profit is a(n) __________.
A) Over-counter trading
B) Off-floor trading
C) Legal trading
D) Insider trading
E) Irrational trading

Question

Quizplus · Accepted Answer

Insider trading involves trading securities based on material, non-public information. In this context, the "tipper" is the person who has insider information and shares it, and the "tipee" is the person who receives this information and may act on it to trade securities for profit.

With a Clear Relationship as a Tipper and a Tipee