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Which of the following is claimed to be an ethical issue for insider trading? It gives an unfair advantage. Exposes some to rick of loss

Which of the following is claimed to be an ethical issue for insider trading?
It gives an unfair advantage.
Exposes some to rick of loss and/or denies them an opportunity to make a profit
All of these
None of these
Ethical harm is done to those who didn't have access to insider knowledge.
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