An Employee Who Trades or Tips Using Confidential Information Belonging

question 33

True/False

An employee who trades or tips using confidential information belonging to the employer can be liable under the Mail and Wire Fraud Acts.

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Definitions:

Utilitarian

A philosophical approach that emphasizes the outcome or consequences of actions in terms of their benefits or utility, often summarized as the greatest good for the greatest number.

Passive-Congenial

A term possibly related to passive behaviors or traits within congenial (friendly and pleasant) settings or relationships, though not a widely recognized key term.

Convenience

The quality or condition of being easy to do, use, or access, often improving efficiency or comfort.

Devitalized

Lacking in energy, vitality, or life force; often used to describe a deteriorated condition.