In US v. Chiarella, Vincent Chiarella worked at a company that printed financial documents relating to corporate tender offers. In one document printed for a corporate bidder, he read confidential information that allowed him to buy stock in the target corporation and make a nice profit because of his knowledge. Which of the following statements are correct, if any?

I. Chiarella was guilty of insider trading under the disclose or abstain theory

II. Chiarella was not guilty of insider trading under the disclose or abstain theory

III. The Supreme Court did not consider whether Chiarella could be held liable under the misappropriation theory because that theory had not been included in the indictment

IV. If Chiarella had been charged with violating the misappropriation theory as it exists today, he probably would have been found guilty

Group of answer choices

II, III, and IV only

I, III, and IV only

I and III only

II and III only

I and IV only