Have you violated law if you buy stock in the company, Other Subject

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Have you violated law if you buy stock in the company

Question: You're in line at the movie theater when you overhear a stranger say: "The FDA has just approved Hernstrom's new painkiller. When the announcement is made on Monday, Hernstrom stock will take off." Have you violated law if you buy stock in the company before the announcement on Monday?

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