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Legal Cases on Agency, Fiduciary Duty, and Corporate Governance Practice Test Flash Cards

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Under the misappropriation theory of insider trading, who owes a duty not to misuse information?

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Insiders or tippees who trade on material nonpublic information obtained through misappropriation owe duties to use information properly; liability attaches when fiduciary duty is breached.

Legal Cases on Agency, Fiduciary Duty, and Corporate Governance Practice Test Flash Cards

Under the misappropriation theory of insider trading, who owes a duty not to misuse information?

?

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