Luan, a Programmer for Monetized Nation Inc

question 35

Multiple Choice

Luan, a programmer for Monetized Nation Inc., a business modeling service, learns of undisclosed company plans to distribute a new app. Luan reveals the company plans to a friend, Ono, who buys 5,000 shares of the firm's stock. Under the Securities Exchange Act of 1934, Ono is most likely

• A)liable for insider trading.
• B)not liable because Ono did not prevent others from profiting.
• C)not liable because Ono did not solicit information from Luan.
• D)not liable because Ono does not work for the firm.