when mario found out his company was going to miss its quarterly projections, he immediately sold all of his stock. he told his friends, and they sold their stock too before the price went down. the stock subsequently crashed and lot of people lost a lot of money. this is an example of

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12-10-2022
Business

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when mario found out his company was going to miss its quarterly projections, he immediately sold all of his stock. he told his friends, and they sold their stock too before the price went down. the stock subsequently crashed and lot of people lost a lot of money. this is an example of

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shomerajeshwari90 shomerajeshwari90 · Answer 1 · 2022-10-14T15:59:26+02:00

It is an example of insider trading as Mario is using inside information for his and his friends benefit.

Insider trading is defined as the acquiring or selling of stock in a publicly listed company by an individual who knows non-public, substance knowledge about that stock. Material nonpublic information refers to any information that has not yet been made public that might have a significant impact on an individual's decision to buy or sell a security.

This type of insider trading is ethically wrong and holds serious punishments, including both fines and imprisonment.

In this case Mario is using, inside information that the company is going to miss out its quarterly projections and will lead to reduction in stock price therefore, he and his friends sell the stock which caused crash in prices and led to loss for many investors.

Learn more about Insider trading here:

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