13. Clark is an agent of a broker/dealer. His friend, Ralph, is a 15% owner and CEO of Technologies ‘R’ Us (TRU), a publicly traded company. Ralph and Clark were having lunch together, and Ralph mentioned that TRU has discovered a new technology that will triple the company’s earnings within the next 18 months. No one outside TRU, except for Clark, knows of this discovery. After lunch, Clark purchases additional shares of TRU for his client, Becky. Which one of the following statements is correct?