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December 4, 2022

Mina, a director of GenTech Inc., purchased 100,000 shares of stock of the company in October.

Mina, a director of GenTech Inc., purchased 100,000 shares of stock of the company in October. In March, Mina sold 60,000 of these shares so that she would have sufficient funds to ensure that her mother would receive medical treatment and long-term care after a stroke. Mina made $22,000 on the sale of the stock. Has Mina violated any securities laws? Discuss.

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