Insider Trading And Accidental Disclosure
Roger is an administrative assistant to Ms. Lockhart. She dictated a letter to him detailing the company's poor financial status. After typing the letter, Roger intended to email it back to her for approval but accidentally sent it to all company employees. As a result, several employees began selling their company stock and resigning. Roger did not participate in any stock trades or otherwise discuss the information. Has Roger committed insider trading?
A
No, he did not commit insider trading.
B
Yes, because he disclosed nonpublic information.
C
No, because company email is not a public forum.
D
Yes, because his supervisor did not authorize the mass email.
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