ABC Company,a Designer of Computer Software,had a Number of New

Essay

ABC Company,a designer of computer software,had a number of new products ready to launch.Jason,a seller of office supplies to ABC Company,was talking with Susie,the president of the company,regarding a product order.Susie was called away from her office for a few minutes,and Jason,who liked to snoop,took the opportunity to go through the papers on her desk.Jason discovered a description of the new software products.He immediately bought lots of ABC Company stock and made a significant profit following the public announcement of the new software and the resulting increase in the price of ABC Company stock.Is there any theory on which Jason could be held liable for a securities violation,and,if so,what? Describe any such theory.