John was an accountant with the tax firm, Imperial Taxes. A pharmaceutical company, Pharmicon, hired Imperial Taxes to manage its tax and accounting matters. While reviewing confidential paperwork for Pharmicon, John came across documentation about Pharmicon's discovery of a cure for the common cold. The discovery had not been made public. John immediately bought stock in Pharmicon. When the discovery was announced, John made a large profit. If the SEC sues John for securities fraud, it would most likely be under the O red-herring theory. misappropriation theory. blue-sky theory. 5 pts O tipper/tippee theory.

John was an accountant with the tax firm, Imperial Taxes. A pharmaceutical comparny, Pharmicon, hired Imperial Taxes to manage its tox and accounting matters, While reviewing confidential paperwork for Pharmicon, John came across documentation about Pharmicon's discovery of a cure for the common cold, The discovery had not been made public. John immediately bought stock in Pharmicon. When the discovery was announced, John made a large profit. If the SEC sues John for securities fraud, it would. most likely be under the redherring theory. missproaristion theory. bue-sky theory. tipper/tippee theory