gallop inc is a toy manufacturer specializing in games for boys and girls aged eight to twelve on march 30 gallop had predicted first quarter earnings of 20 per

Collin Copier, who ran the photocopying machine at Gallop’s executive office, saw the draft press release; called his broker, Barbara Broker; told her about the press release; and ordered her to sell the 500 shares of Gallop that Copier had acquired in Gallop’s initial public offering. Broker then called her best client, Charleen Client, and suggested that she sell her 100,000 shares of Gallop stock but did not tell her why. Client agreed, and Broker sold Copier’s and Client’s stock at $25.25 a share right before the market closed on April 17.