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As vice-president of marketing, Jack was involved in all marketing and media communications for the corporation. In preparation for releasing the latest quarterly reports, Jack learned that the reports would show a $50 million loss for the corporation. Before the information was made public, Jack sold all of his shares in the corporation thereby avoiding a large loss when the share price dropped. What should Jack be concerned about:
-he should have no concerns
-he should be concerned about being charged with insider trading
-he should be concerned about being accused of breaching his duty of conflict of interest
-he should be concerned about being accused of breaching his duty not to abuse corporation opportunity
-he should be concerned about how to invest all the money he just made
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