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The Hatpin Corporation brings in its outside certified public accountants once per year for an annual audit. Sharlene is one of the CPAs who conduct
The Hatpin Corporation brings in its outside certified public accountants once per year for an annual audit. Sharlene is one of the CPAs who conduct the audit, which discloses that the Hatpin Corporation's profits have tripled since the past year. Sharlene discloses this information to Lindsey, the chief financial officer (CFO) of the Hatpin Corporation. Prior to the public announcement of this information, Sharlene buys stock in the Hatpin Corporation at $70 per share. After the earnings information is released to the public, the stock of the Hatpin Corporation increases to $100 per share. Sharlene's role as an accountant in this scenario places her in the category of ________. ANSWER Unselected scienters Unselected Section 10(b) insiders Unselected nonaccredited investors Unselected aiders and abettors
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