Before it was publicly known that IBM was going to take over Lotus Development, an IBM secretary told her husband, who told two

Question

3 years ago

14

Before it was publicly known that IBM was going to take over Lotus Development, an IBM secretary told her husband, who told two

co-workers, who told friends, relatives, business associates, and even a pizza delivery man. A total of 25 people received the information and traded on this tip to make a profit. These people were:

Business

1 answer:

aalyn [17] · Answer 1 · 2022-05-27T18:11:42+03:00

Answer:

Insider Trading

Explanation:

These people were insider trading because they were using non public material information to trade stocks and make profit. The information was confidential thus it was non public and the information could change the price of the stock that is why it was material and these people used this information to trade the stock thus they were all insider trading.