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1) Who is a corporate insider? 2) Is it illegal for a corporate insider to own stock in his corporation? 3) When does insider trading

1) Who is a corporate insider? 2) Is it illegal for a corporate insider to own stock in his corporation? 3) When does insider trading illegal? 4) Read the case of SEC v Texas Gulf Sulphur a) What defense did the corporate insiders use? b) Was it successful? 5) Under what circumstances could you (a non-insider) be guilty of insider trading? 6) What are short swing profits? Thanks!

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