Jackie learned of insider trading information while talking to Mark, a director of a large corporation. She took advantage of the information to buy stock and make a huge financial gain. If she is accused of violating securities law, what must the government prove in order to gain a conviction against Jackie?
The government must prove that (1) Jackie knew the information was confidential; (2) that she knew it came from an insider who was violating his fiduciary duty, and (3) that the insider, Mark, expected some personal gain as a result of giving Jackie the insider information.
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The Bureau of Competition__________
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