47. Dick knew that the information about the ED209 robot’…
47. Dick knew that the information about the ED209 robot’s malfunction is not public information, and that if it were, it would cause the company’s stock to dip. Dick also knew that the Chairman of OCP would have to make an announcement any moment that deployment of the ED200 robot would be delayed. He quickly calls up his stockbroker, and tells the stockbroker to sell 25% of his OCP stock. When the Chairman announced the ED209 deployment delay later that afternoon, the company’s stock fell. Dick’s stock sale prevented his own potential loss of almost 10 million dollars. What U.S. law did Dick Jones violate?