Late one evening, after grading papers at my cottage, I head out, beer in hand to walk down the beach.As I approach a bonfire, and obviously intoxicated man comes towards me.I try to avoid him, but to no avail.The man grabs me and says in his slurred speech "Buy as much Apple stock as you can," and passes out.I look down at him and from the glow of the fire, he looks familiar.The next day, based on his drunken ramblings, I purchased 10,000 shares of Apple.A week later, I see the drunken man on CNN announcing the introduction of a new faster, smaller I-Phone that works on all networks. That man is Steve Jobs, and the phone is an immediate success, causing the stock to triple in value in one week.Ecstatic, I open the door of my front house to find attorneys from the SEC, accusing me of insider trading.The questions are

[1] Can I be held liable for insider trading?

[2] Did I have an obligation to confirm the source of the information before I traded?

[3] What if, before I trade in the stock, I learn the identity of the person from whom I received the information?