(a) Are insiders automatically liable for a violation of Rule 10b-5 if they sell company shares before material non-public information is released to the public, but after it has come to the attention of the company?
(b) Is a company's outside counsel liable for a violation of Rule 10b-5 if she trades on material non-public information?
(c) Do the bans on insider trading extend to all employees of a company?
(d) Is an employee's broker potentially liable as a tipper of inside information?
(e) When do tippees of inside information become liable for a violation of Rule 10b-5?
(f) What are the differences among private class actions, SEC enforcement provisions, and criminal prosecution by the U.S. Attorney's Office? What damages are recoverable in the various proceedings?