Gloria purchased 200 shares of New You Inc., a cosmetic company, after Dora-a director of New You Inc.-informed her about the company's new undertaking that might boost the share value in the market. Here, Gloria would be considered as a(n) _____.

Question

Quizplus · Accepted Answer

Gloria would be considered a tippee, as she received inside information from a director of the company, which could be considered insider trading if it was not publicly available information.

Gloria Purchased 200 Shares of New You Inc