Buying or Selling Securities on the Basis of Nonpublic Information

question 77

True/False

Buying or selling securities on the basis of nonpublic information is illegal only if the profit from the transaction is unreasonable.

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Definitions:

Vibrations

Rapid oscillations of particles about an equilibrium position, which can occur in physical objects, air molecules, or other mediums.

Sounds

Vibrations that travel through the air or another medium and can be heard when they reach a person’s or animal's ear.

Touch

One of the five senses, referring to the ability to perceive pressure, temperature, and texture through physical contact with the skin.

Sense

A physiological capacity of organisms that provides data for perception, such as sight, sound, smell, taste, touch, and proprioception.