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Business, 11.11.2019 20:31 jasonskatesallday

Cosmetic profits. sally is the vice president at big name cosmetics company. through important and material nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchases of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchases of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following, if any, is sally guilty of by providing information to alice regarding the purchase? a. she is guilty of an insider-trading violation by tipping the informationb. she is guilty of an insider-trading violation by being tippedc. she is guilty of an insider-trading by both tipping and being tippedd. she is guilty of criminal extortione. she is not guilty of any offense

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