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Jeffrey, the CEO of a B.I.G. Corporation, tells his wife, Jennifer, that his corporation is in secret talks to merge with another corporation. The merger
Jeffrey, the CEO of a B.I.G. Corporation, tells his wife, Jennifer, that his corporation is in secret talks to merge with another corporation. The merger will drive the value of B.I.G.'s stock sky high. While Jeffrey is asleep, Jennifer calls her brother Biff, and tells him to buy B.I.G. stock in anticipation of the merger.
a) this is insider trading & Jennifer and Biff may go to jail.
b) this is insider trading
c) Jennifer and Biff may go to jail
d) no crime has been committed
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