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You are the Chief Financial Officer of XYZ Corporation. You receive shares of XYZ as part of your compensation each year and you sell th

You are the Chief Financial Officer of XYZ Corporation. You receive shares of XYZ as part of your compensation each year and you sell th shares and use the proceeds from the sale to pay for nursing home care for your mother. You have just learned that XYZ Corporation has its major customer and know that sales for the year will be sharply impacted. Because reported net income will be below the expectation market analysts, you know that when the news of the loss of the customer becomes public, the market price of XYZ Corporation shares v drop. If you sell your shares of XYZ before the news becomes public you are

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