Sally overhears a phone conversation in an elevator of her office building in N. Y.C. discussing top secret financial matters regarding a corporation. After hearing the conversation, she believes she has a strong basis to make a lot of money, so she buys a ton of the company's stock after hearing this inside information. Can Sally be held liable for insider trading?

Yes, under the misappropriation theory.  

Explanation:

Misappropriation theory is a theory that means when a person acquired the wrong information and use that information for the trading and use that information for their gains. Those people are more liable for insider trading.  

This theory describes the committed securities and uses that information for personal gain or insider trading.

Misappropriation theory and insider trading both are different.  

The misappropriation theory helps the market to prevent insider trading.  

panem is a communist totalitarian dictatorship where all the resources and how they are allocated belongs to the capitol. the districts exist only to provide goods and services for the capital and most of the citizens live in poverty. it is a police state where the "peacekeepers" use force and threats to keep the people under control. dissent is outlawed and those who disobey the law are executed, flogged, or turned into avoxes. the games are another means in which the ruling elite in the capitol exert their power over the districts. when reading the books i drew parallels between panem and the soviet union and north korea. in no way is panem capitalist. the people in the capitol are wealthy but the majority of them are involved in the government somehow. it was the same way in the former soviet union where bigwigs in the communist party and high ranking government officials were given access to goods, services, medical treatments not available to the general public. if you think panem has a capitalist economy you need to brush up on your economics.  

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