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Alba is an administrative assistant to the Vice President of UFX Express Mail Services. Her boss forgot to close the door during a meeting with
Alba is an administrative assistant to the Vice President of UFX Express Mail Services. Her boss forgot to close the door during a meeting with CSX Airways and she happened to look up when the two men were shaking hands. Her boss said, "This seals the deal. Keep our merger under wraps until we unveil the news next week that our merged companies will be the only transport business on the continent!" Alba couldn't help but think about the news all day, wondering if she would be let go if the merged companies must cut costs. She figured she might as well make the best of the situation, so she told her husband to buy more stock in the two companies since it was surely going to skyrocket when the news was made public. Is Alba facing any ethical issues with her actions?
No Alba already has stock in her profitsharing account, so it is fine that she is adding to her stocks since she already owns stock in UFX.
Yes, Alba is facing illegal insider trading since she has information that is not yet known to the public and is acting to earn a profit.
Yes, Alba has a responsibility to share this information with others.
No Alba will not have committed illegal insider trading since there is no guarantee that the stock price will go up and that she will profit from the information
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