SIE - Securities Industry Essentials Exam
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An officer of a publicly traded company just sold stock in their company without possessing material nonpublic information. This is known as
Illegal Insider Trading
A
Prearranged Trading
B
Interpositioning
C
Legal Insider Trading
D
Explanations
Since the officer did not have material, nonpublic information, this is an example of legal insider trading.