Problem:
Kista received a tip from an employee that her company, World Industries is about to make a bid to buy Carlton Slate Corporation at a price of $100 per share. Krista went online and saw that the information was not yet public and Carlton was trading for $60 per share. Drista bought 500 shares. Of what, if anything, is Krista possibly guilty?
- Selective disclosure
- Insider trading
- Full and fair disclosure
- Embezzlement
- Nothing, since Krista isn't an employee of either company
Note: Please provide equation and explain comprehensively and give step by step solution.