Is this a case of tipper-tippee insider trading

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Reference no: EM133654283

Problem: Suppose you work at a bar in Manhattan where lots of business executives go after work to drink and brag and gossip and well, you probably know where this is going. You love being a bartender and/or server because it's a fun way to make money working part-time, and you also get to meet people who you hope will hire you some day. And you like the tips. Speaking of which, one day a CEO of a hedge fund who is a bit sauced says to you as you're serving him another Scotch whiskey, "Well I'm out of cash but here's a better tip for you: my company will be buying a zillion shares of company "X" and you might want to put everything you have into "X." The next day, you put everything you have into X as soon as the stock market opens. Is this a case of tipper-tippee insider trading? Why or why not?

Reference no: EM133654283

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