lcai

Thank you for the post. I was doing these and found difficulty too.

Garcia immediately shorts the stock after an analyst issues a sell recommendation.
I would assume that he is in breach because he does not do enough research / have enough reasonable basis to do the trade.

I do not understand why Q.70 is not B. --> He does not have reasonable basis for the trade.

Correct answer is that he is in possession of material non public info.... Weird...