Min Shen works at Goldman Sachs in the Investment Banking Group and has recently worked on a deal involving Tesla acquiring Albeit Lithium Batteries. She goes home on Friday excited that the deal will be announced Monday evening. During the weekend while out to dinner with her friends, she mentions the deal and her hard work on the financial forecasts. She does not tell them anything about the price Tesla will pay.

None of the above applies to this situation.

She is acting unethically by talking about her confidential work and could get in trouble with the NJ State Police if caught.

She has not committed insider trading because the markets are closed for the weekend and then Columbus Day and so her friends could not trade on the information until Tuesday anyway.

She has committed insider trading (fraud) by revealing non-public information.