Julio, the president of Con-Gest, Inc., is playing golf with his brother, Luciano. He tells Luciano that Con-Gest, Inc., is about to be purchased by a larger corporation. Luciano, at a dinner later that day, tells Enrico, his best friend, about what Julio told him. Luciano and Enrico make a deal to share any profits that Enrico makes in trading in Con-Gest stock. Assume that Julio, Luciano, and Enrico all purchase Con-Gest stock before the merger is announced, and all sell the stock (at a very large profit) after the merger is announced. Which, if any, of these three are potentially guilty of illegal insider trading?

Group of answer choices

Julio only.

Julio and Luciano.

Julio and Enrico.

Julio, Luciano, and Enrico.