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losses avoided, whichever is greater.
D. up to 10 years in prison and a fine of either $1.5 million or up to 150% of the amount of profits gained or
losses avoided, or both.
Answer: C
Explanation:
The 1988 Insider Trading and Securities Enforcement Act increased the penalties for a
person convicted of insider trading to up to 10 years in prison and a fine of either $1 million or up to 3
times the amount of profits gained or losses avoided, whichever is greater.
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Explanation
ASAS Policy and Access SE Module 5
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