Series 6 - Investment Company And Variable Contracts Products Representative Exam
All of the following are examples of insider trading EXCEPT:
If the tipper owes a fiduciary duty to a company or its shareholdersA
If the information is material and nonpublicB
If the insider buys or sells shares of their company or a subsidiary through an advance filingC
If the tippee knows the information was confidentialD
Insider trading is legal if an insider (a director or higher in a company or someone who owns 10% or more of the company) does so through transactions registered with the SEC via advance filings.