Freddie just read an article in the financial section of a local paper that stated that the company he works at, XYZ Company, is in big trouble for faking lab results for a new medication. He decides to call his broker to request that his stock be sold immediately. Freddie is:

Group of answer choices

Engaging in disgorging because he is selling his stock.

Engaging in insider trading because he is sharing information he learned.

Disproportionately gaining by selling stock, and this is illegal.

In clear violation of the Section 10(b)(5) because he indirectly shared a news article.

Doing nothing wrong. The information was shared with the public.