Practice question
An official uses confidential, nonpublic information acquired through office to give a private investor an undue advantage. Does the absence of a cash payment to the official alone defeat Section 7(c)?
- Yes, a cash payment is always required.
- Yes, confidential information may always be sold.
- Yes, only documents marked by a court count.
- Yes, every investor is an authorized recipient.
- No; using the information to give anyone an undue advantage is expressly prohibited.
Legal references
- https://lawphil.net/statutes/repacts/ra1989/ra_6713_1989.html — RA 6713, Section 7(c).
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