According to the 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.

Question

Quizplus · Accepted Answer

The SEC has successfully argued that 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 misappropriation theory of insider trading.

According to the SEC, a Person Should Be Considered to Be