Which of the subsequent is true regarding her situation

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Q. Molly, the CEO of a corporation owning a number of pet stores, calls you for advice. She tells you which she had inside information which the stock of the corporation was going to go down because of reports a number of dogs sold by the store had become ill and, therefore, immediately sold all her stock in the corporation before the information became public. She tells you who she has been advised which she is going to be charged with a securities violation involving insider trading. Which of the subsequent is true regarding her situation?

Reference no: EM1386889

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