you and your spouse are older, wiser, and grayer, "with more years/tears on you than your real age." But it was only 6 months ago. However, you have a cousin, who did not learn from your experience. He worked for one of your distribution centers and "caught the get rich quick bug" and just won't let it go. He bought a bunch of stock, smartly diversified his portfolio, but concentrated on healing medicines like you and your spouse's healing gel. He bought stock in respiratory improvement vapors, muscle building pills, pain relief cannabis products and skin cream to relive sun burn, skin cancer, and age spots.

During you and your spouses "hay day" when you "were rolling in dough," your cousin placed a listening device in your board room. Before your company had its newsworthy downturn, there was a few companies that wanted to merge with your company, even two made an official offer, which your cousin learned from one of his "listening sessions." Your Board of Directors voted to merge with one specific company and voted to take over a smaller competitor

One of the "Merger Companies" was a company your cousin owned stock in and quickly decided to sell stock knowing the stock price would go up and the second smaller company, he quickly bought stock in, then waited for much anticipated profits, from the "soon to announce" merger with one company and takeover of another. He also bought more stock of your company, an additional 50,000 more, anticipating your stock price would also go up.

But the only "thing that blew up" was his phone when the listening device was discovered by company IT folks and they traced the device to your smart phone, as well as the local Security and Exchange Commission (SEC) Investigators, who go a tip from the local police detectives and the Federal Bureau of Investigations (FBI). Stock purchase dates proved he bought and sold the securities before any official announcement was made and could have only known "if he had been in the board room," in essence he was in the board, via his listening device.

What are the legal topics presented and what are the legal issues? What may happen to your cousin?