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5 March, 04:53

According to the Securities and Exchange Commission (SEC), a person should be considered to be a temporary insider if that person conveys nonpublic information that was to have been kept confidential. This philosophy has become known as the

a. quasi-insider theory.

b. implied-insider theory.

c. temporary insider theory.

d. misappropriation theory.

e. mosaic theory.

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  1. 5 March, 06:08
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    The correct answer is letter "D": misappropriation theory.

    Explanation:

    The misappropriation theory states that someone who uses insider information in trading securities is guilty of securities fraud. That person could be convicted for insider trading because this is a deceptive practice. This theory aims to protect the securities markets with equal accessibility to information.
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