Question
Rachel Offset is a financial printer who prints (among other things) takeover bids. By looking at information in forms she was printing, Offset was able
Rachel Offset is a financial printer who prints (among other things) takeover bids. By looking at information in forms she was printing, Offset was able to figure out the identities of a bidder and a target in an upcoming takeover bid. Using this information (which she does not reveal to anyone else), she purchased stock in the target before the bid was announced and sold after the takeover attempts became public knowledge, thereby reaping large profits. Will she be found guilty of insider trading?
Group of answer choices
Yes, because she traded based on information that was not available to the public.
Yes, because she was an "insider" of the target firm.
No, because she is a complete stranger who has dealt with sellers only in impersonal market transactions.
No, because the information she has is readily available to the general public.
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