Will you be liable under federal securities law

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Reference no: EM131158751

While waiting tables at a campus-area restaurant, you overhear a conversation between two corporate executives who indicate that their company has developed a new product that will revolutionize the computer industry.

The product is to be announced in three weeks. If you purchase stock in the company before the announcement, will you be liable under federal securities law? Why?

Reference no: EM131158751

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