Alfonso began the year with a tax basis in his partnership interest of $29,000. his share of partnership debt at the beginning and end of the year consists of $3,000 of recourse debt and $6,000 of nonrecourse debt. during the year, he was allocated $49,000 of partnership ordinary business loss. alfonso does not materially participate in this partnership and he has $1,000 of passive income from other sources.

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?