If a corporate insider who “tips” an outsider about material,nonpublic,factual data,both the “tipper” and the “tippee” who uses that data in a securities trade may be liable for illegal insider

If a corporate insider who “tips” an outsider about material,nonpublic,factual data,both the “tipper” and the “tippee” who uses that data in a securities trade may be liable for illegal insider trading.


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