Jane is the Executive Vice President of Public Soda, Inc., a publicly traded company.As EVP, Jane learns that Tasty Soda is about to release a new Soda formula that will revolutionize the beverage industry.Telling him to keep the secret, Jane tells her next door neighbor Mark about the development and suggests that he buy stock in the company.When the product is announced the price of Tasty Soda stock increases dramatically and Mark sells his stock.Grateful for the information, Mark buys Jane a New Car.

George, a CPA, prepared financial statements for Tasty Soda, Inc. From preparing the documents George learned that Tasty Soda would soon release the revolutionary new soda formula that would transform the beverage industry.Expecting the price of Tasty Soda stock to rise sharply, George purchased 1,000 shares of Tasty Soda stock.Three weeks later, George sold his Tasty Soda stock at a profit.

b.What consequences do Jane, Mark and George face?