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Suppose that an R&D employee of General Tires knows that one of General Tires competitors will be having some novel commercial ideas reaching the market
Suppose that an R&D employee of General Tires knows that one of General Tires competitors will be having some novel commercial ideas reaching the market next year. Would it be considered insider trading if this employee purchases 1000 shares of the competitors stock this year in anticipation of the competitors market advantage in the upcoming year? Why or why not?
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