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I dont get how that could be the correct answer..

Since he's able to make money off fundamental analysis, hes likely violated only the Semi-strong form and Strong form and NOT the weak form

My reasoning...

If he realized these returns through:

*Technical Analysis: Weak form, semi strong form and strong form are violated

*Fundamental analysis: Semi-strong and strong form are violated

*Private Information: Only Strong form is violated, the other two have NOT been violated.

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