Every night after class, Professor Poor sits at an expensive bar sipping on a drink he cannot afford hoping to overhear executives revealing material nonpublic information about their companies. If Professor Poor does secretly overhear an executive revealing material nonpublic information and trades on that information, his best argument in defense of insider trading allegations would be :
A. that the executive revealing the information did not gain any benefit
B. that it is morally acceptable because he is poor and needs the money
C. that he teaches business ethics classes to college students
D. that he did not know it was illega

If the executive disclosing the knowledge received no advantage, it would be a defense against insider trading because it was revealed accidentally and not with the aim to profit from such insider trading.

He may contend that these details weren't meant for public disclosure with a view to financial gain.

The other claims are all untrue.

Insider trading is the act of employees who possess material, non-public knowledge about a firm trading in the stock or other securities of that company. Depending on the timing of the trade and the regulations of the country the insider is in, insider trading may be either lawful or criminal.

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