A Trader Was Found Guilty of Violating Insider Trading Laws

question 6

Short Answer

A trader was found guilty of violating insider trading laws.As part of his sentencing,he had to forfeit the excessive profits earned on the illegal trades.What does this conviction indicate about the current form of market efficiency?

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Definitions:

Collective Bargaining

A process of negotiation between employers and a group of employees aimed at agreements to regulate working salaries, working conditions, benefits, and other aspects of workers' compensation and rights.

Strike

When a collective bargaining agreement cannot be reached, a union calls for a work stoppage to last until an agreement is reached.

Employer

An employer is an individual or organization that hires and pays for the services of workers to perform specific jobs.

Collective Bargaining

The negotiation process between employers and a group of employees aimed at reaching agreements to regulate working salaries, working conditions, and other aspects of workers' compensation and rights.