Safia John, who recently graduated from the UWI, started a job at National Carnival Bank, a publicly traded bank in Trinidad and Tobago. She is the Secretary to the Board of Directors. Her job requires that she attends all board meetings and it is a highly confidential position.

While at the meeting of 22^nd November, 2020 Safia is privy to a discussion by members of the board of the possibility of National Money Bank in Guyana taking over National Carnival Bank. Guyana has a growing economy and the Board sees the potential in this venture. Safia goes out and acquires shares in National Carnival Bank anticipating its share price would rise on news of a takeover. While discussing her purchase with her stockbroker Carlos Rod, the air condition repairman Tommy at Carlos office, overheard the conversation and purchased shares in National Carnival Bank as well. Within two weeks of the purchases, the takeover took place and since then the share price in National Carnival Bank increased by 200 % . Safia and Tommy sold their shares making a huge profit. Advise the Securities Exchange Commission.