[SEC3] Bud Fox, a junior stockbroker, obtains non-public inf…

[SEC3] Bud Fоx, а juniоr stоckbroker, obtаins non-public informаtion about Bluestar Airlines from his father, Carl Fox, an executive at the company. Bud shares this information with Gordon Gekko, who trades on it to make substantial profits before the information becomes public. The SEC investigates, and Gekko is eventually arrested and charged. Which of the following statements about Gekko’s legal exposure is correct? [Inspired by the movie "Wall Street."]