Question: Rico does not work for Street Bikes Company, but wrongfully obtains inside information concerning the firm. Based on the information, Rico buys and sells Street

Rico does not work for Street Bikes Company, but wrongfully obtains inside
information concerning the firm. Based on the information, Rico buys and sells Street
Bikes stock for personal gain. The Securities and Exchange Commission prosecutes
Rico, arguing that he is liable because he stole information rightfully belonging to
another. This argument is
the blue-sky theory.
the misappropriation theory.
the free-writing prospectus theory.
the tipper/tippee theory.
Rico does not work for Street Bikes Company, but wrongfully obtains

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