Who would be a tippee for purposes of insider trading? a. a janitor who gathers information by reading files on corporate counsel's desk b. an MBA student who tracks the market very closely c. a broker who once worked in the pharmaceutical industry d. All of the above would be tippees.

Question

Computers and Technology

Riya

21 June, 06:14

Who would be a tippee for purposes of insider trading? a. a janitor who gathers information by reading files on corporate counsel's desk b. an MBA student who tracks the market very closely c. a broker who once worked in the pharmaceutical industry d. All of the above would be tippees.

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Answers (1)

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Liberty Ray · Answer 1

Option A is correct.

Explanation:

A janitor that collects data through reviewing reports on a business counsel's desk could be a tippee for insider trading activities.

Probably, the justification for insider trading remains wrong being that it offers each insider the undue benefit on and around the marketplace, gets the insider's preferences beyond them for which they assume the trustee responsibility, as well as enables the insider to unfairly manipulate the cost of the inventory of a business.

So, the following are the reason the other options are not correct according to the given scenario.