Which of the Following Is Not an "Insider" for Purposes

question 12

Multiple Choice

Which of the following is not an "insider" for purposes of the insider trading rules?

• A) An internal auditor
• B) An independent member of the Board of Directors who does not own any company stock
• C) A shareholder who owns 7% of a company's stock and her husband owns 4% of the company's stock
• D) A investors who owns 20% of a company's general obligation bonds that are trading at a price roughly equal to their market value

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Definitions:

Vertebrate Evolution

The process of change and diversification in vertebrates over time, leading to the current diversity of species with backbones.

Lobe-Finned Fish

A class of fish known for having fleshy, lobed, paired fins, which are precursors to the limbs of terrestrial vertebrates.

Amniotic Egg

Egg that has an amnion, as seen during the development of reptiles (including birds) and mammals.

Reptiles

Cold-blooded vertebrates featuring scales or scutes, including snakes, lizards, turtles, crocodiles, and birds.