Martha is a researcher for DL Medicals (DLM) . She tells her boyfriend, Dan, about a patent application for a new drug which is about ready to be approved. This drug reverses the aging process. Dan can be charged with insider trading if he:
A) continues to hold the shares he already has in DLM.
B) shares this information with his mother who is not involved in the market.
C) sells his current shares in DLM immediately after the news is announced to the public.
D) provides this information to a friend who will trade the stock and split the profits with Dan.
E) buys shares in DLM immediately after the news is announced and then sells those shares within 7 trading days.
Correct Answer:
Verified
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