Your broker Luke works for a major bank that is working on the merger between ABC Inc. and XYZ Corp. The news is going to be released to the public next week. If you decide to buy some stocks now and split the profits with Luke, your actions should be categorized as

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter6: Deductions And Losses: In General
Section: Chapter Questions
Problem 52P
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Your broker Luke works for a major bank that is working on the merger between ABC Inc. and XYZ Corp. The news is going to be released to the public next week. If you decide to buy some stocks now and split the profits with Luke, your actions should be categorized as ______.

 

Question 27 options:

 

  1. A) 

 

It is not possible to tell from the information given



  1. B) 

 

ethical but illegal



  1. C) 

 

unethical but legal



  1. D) 

 

unethical and illegal



  1. E) 

 

ethical and legal

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