Which One of the Following Statements Is Correct

question 62

Multiple Choice

Which one of the following statements is correct?

• A)Company insiders are not permitted to trade their employer's securities.
• B)Only tippers can be accused of illegal insider trading.
• C)Tippees are permitted to trade securities based on information they know is private.
• D)Trading on private information that you just happen to overhear is legal.
• E)Any trading based on information known to be private is illegal.

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Definitions:

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity by increasing heart rate, dilating pupils, and other physiological responses.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and slowing the heart rate.

Central Nervous System

Comprises the brain and spinal cord, functioning as the primary processing center for the entire nervous system and controlling all bodily functions.

Peripheral Nervous System

The part of the nervous system that consists of the nerves and ganglia outside of the brain and spinal cord, which connect the central nervous system to limbs and organs.