Insider trading can be legal in the U.S. and does not have to be disclosed as long as public information is used. can be legal in the U.S. if you use non-public information but disclose the trades. can be legal in the U.S. if you use public information and disclose the trades. cannot be legal under any circumstances.

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Insider trading can be legal in the U

Finance Dec 26, 2020

Insider trading

		can be legal in the U.S. and does not have to be disclosed as long as public information is used.
		can be legal in the U.S. if you use non-public information but disclose the trades.
		can be legal in the U.S. if you use public information and disclose the trades.
		cannot be legal under any circumstances.

Expert Solution

Insider trading can be legal in United States of America but one need to disclose the trade to the securities and exchange commission and they need to be fair.

All the other options are false.

Correct answer is Option( B) can be legal in United States of America if you use non-public information but disclose the trades.

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