Larry was at a professional football game when he overheard 2 executives of Abbott Co. Discuss a possible merger with Atlantic Co. Can Larry call his broker and buy shares in Abbott?
a. No, Larry is a ttippee and cannot trade on that information.
b. No, Larry is an insider and cannot trade on that information
c. No, Larry obtained the information through a breach of a fiduciary duty
d. Yes, Larry did not obtain the information through a breach of a fiduciary duty.