Which One of the Following Statements Is Correct

question 4

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 which you just happen to overhear is legal.
• E) Any trading based on information known to be private is illegal.

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Definitions:

Copyright Infringement

The violation of copyright laws by reproducing, distributing, displaying, or performing a protected work without permission from the copyright holder.

Fair Use

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Lanham Act

The primary federal trademark statute in the United States, which governs trademarks, service marks, and unfair competition, providing protection for brand names and logos used in commerce.

Federal Trademark Dilution Revision Act

A law aimed at providing additional protection to famous trademarks from uses that dilute their distinctiveness, even in the absence of any consumer confusion or competition.