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Under Rule 10b-5,if a Non-Insider (The Tippee)receives Material Nonpublic Information

Question 44

Multiple Choice
Under Rule 10b-5,if a non-insider (the tippee)receives material nonpublic information from an insider (the tipper),the tippee:

Under Rule 10b-5,if a non-insider (the tippee) receives material nonpublic information from an insider (the tipper) ,the tippee:


A) may use it to make a profit by buying or selling that company's stock
B) may use it to make a profit by buying or selling that company's stock,only if the tipper voluntarily disclosed the nonpublic information
C) must disclose that information
D) must either abstain from trading in that company's stock or disclose the information to the person with whom he is trading
E) must abstain from trading in any and all stock

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