14. Which of the following was essential to the court\'s decision in Rv Firns [2

Question

14. Which of the following was essential to the court's decision in Rv Firns [2001] NSWCCA 191 a. If information is able to be found/observed, but it has been learned by only a few people so far, then that information is not yet 'generally available' and so it can be classified as inside information' b. If information is able to be found/observed, even though only a few people have learned the information, then that information is 'generally available' and so it is not 'inside information' c. Information affecting foreign currency exchange rate contracts (traced on the Foreign Exchange market) can be 'inside information' for Australia's insider trading laws. d. inside information can be acquired indirectly, by observation of others' conducts and drawing inferences from those observations.

Explanation / Answer

a. If information is able to be found/Observed, but it has been learned by only a few people o far, then that information is not yet "generally available" and so it can be classified as "inside information".

Means information which is not published to the general publice and only know to few people like management of company is called inside information. and gaining profits in share market uising such information if called "insider trading".

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