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Alvin retains Hoda, a stockbroker, to immediately purchase 2 0 thousand shares in INC Co . a new pharmaceutical company, because he has insider information

Alvin retains Hoda, a stockbroker, to immediately purchase 20 thousand shares in INC Co. a new pharmaceutical company, because he has insider information that the stock price is about to increase tenfold. Alvin and Hoda have a contract for Hoda's services as his investor. Is this transaction and thus contract, a lawful one, based on your knowledge that insider trading is unlawful?
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