Question
A CEO of a publicly traded corporation informs her husband the company was about to be taken over, and that with the money from the
A CEO of a publicly traded corporation informs her husband the company was about to be taken over, and that with the money from the merger, she could quit her job.The next morning, the husband visits his psychiatrist and shares the details of the merger.The psychiatrist calls her broker and buys several thousand shares of stock.The broker, based on the psychiatrist's purchase, also buys several hundred shares of stock.A few weeks later, the stock skyrockets on the announcement of the merger, and they receive a visit from the SEC.The question is for each person listed below, have they engaged in insider trading:
[1] The CEO and her husband
[2] The Psychiatrist
[3] The stockbroker
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