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Was the psychiatrist stock purchase illegal insider trading

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Reference no: EM132713200

Question - A psychiatrist had a patient who was struggling with the emotional fallout from discord in her marriage. During a consultation with her psychiatrist, she mentioned that her husband, a top executive, was very busy preparing for a major corporate takeover of a target company. Anticipating that the target company's stock price would rise once this news become public, the psychiatrist made a major purchase of the target company's stock. Was the psychiatrist's stock purchase illegal insider trading?

Reference no: EM132713200

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