Question: Question 7 1 ( 1 point ) Sally is the executive vice president of Safira Cosmetics Company. Through important and material, nonpublic information, she learns

Question

71 (1

point

)

Sally is the executive vice president of Safira Cosmetics Company. Through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Safira will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Estee about the expected purchase of stores. Of which of the following, if any, is Sally guilty of by providing information to Estee regarding the purchase?

She is guilty of an insider trading violation by both tipping and being tipped.

She is not guilty of any offense.

She is guilty of an insider trading violation by being tipped.

She is guilty of criminal extortion.

She is guilty of an insider trading violation by tipping the information.

Question 71(1 point) Sally is the executive vice president of Safira

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