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ABC Company,a Designer of Computer Software,had a Number of New

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ABC Company,a designer of computer software,had a number of new products ready to launch.Jason,a seller of office supplies to ABC Company,was talking with Susie,the president of the company,regarding a product order.Susie was called away from her office for a few minutes,and Jason,who liked to snoop,took the opportunity to go through the papers on her desk.Jason discovered a description of the new software products.He immediately bought lots of ABC Company stock and made a significant profit following the public announcement of the new software and the resulting increase in the price of ABC Company stock.Is there any theory on which Jason could be held liable for a securities violation,and,if so,what? Describe any such theory.

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Definitions:

Ovulation

The release of an egg from the ovary.

Gonadotropin-Releasing Hormone

A hormone responsible for the regulation of the reproductive hormones by stimulating the pituitary to release gonadotropins.

Luteinizing Hormone

A hormone produced by the anterior pituitary gland that triggers ovulation and stimulates the production of sex hormones.

Follicle-Stimulating Hormone

Follicle-Stimulating Hormone is a gonadotropin produced by the anterior pituitary gland, playing a key role in controlling the reproductive processes of both males and females.

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