Bill is a public accountant auditing Expo Corporation. Based on inform

Bill is a public accountant auditing Expo Corporation. Based on information in Expo’s confidential
records, Bill recommends the purchase of Expo stock to his brother.

A) If Bill told a non-relative who purchases Expo stock, no insider trading laws would be
violated.
B) Bill is not an insider because he is not an officer or employee of Expo Corporation
C) Bill is involved in insider trading prohibited by the SEC.
D) Bill’s brother has no direct connection to Expo Corporation and therefore his purchase of the
stock is not prohibited by insider trading laws.

ANSWER

C