Question: Question 9 3 pts Roberto reads an article quoting the CEO of the Googly-Eyes (GOOGEYE) search engine company. In the article GOOGEYE's CEO discusses several

Question 9 3 pts Roberto reads an article quoting the CEO

Question 9 3 pts Roberto reads an article quoting the CEO of the Googly-Eyes (GOOGEYE) search engine company. In the article GOOGEYE's CEO discusses several reasons to be optimistic about the company's future. Roberto immediately buys 1,000 shares of GOOGEYE at $75 per share. A week later, GOOGEYE announces their earnings have increased by 20% over the past year. GOOGEYE's stock price goes up to $80 per share. Roberto sells his shares and makes a $5,000 profit. Based on current securities law in the United States, which of the following statements is most true? Both Roberto and the company CEO are guilty of illegal insider trading. O Roberto is guilty of illegal insider trading and will likely go to jail. O Roberto is guilty of illegal insider trading. However, because the dollar amounts were so small, he will likely avoid any jail time. Roberto conducted a perfectly legal trade. He has done nothing wrong

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