An employee who trades or tips using confidential information belonging to the employer can be liable under the Mail and Wire Fraud Acts.

Question

Quizplus · Accepted Answer

This is true. The Mail and Wire Fraud Acts make it a federal crime to use the mail or electronic communication to engage in fraudulent activity. Using confidential information belonging to the employer for personal gain can be considered fraud, and an employee can be held liable under these Acts.

An Employee Who Trades or Tips Using Confidential Information Belonging