Sue Yu worked as junior partner for the law offices of Morgan & Morgan, a firm specializing in securities law. One afternoon Sue asked her paralegal, Mary Moore, to review a document relating the merger of two discount retail stores. Sue jokingly commented, “It’s a good thing I’m an ethical lawyer, otherwise I would buy a bunch of their stock. The stock prices will go through the roof when the announcement of this merger is released. I could make enough money selling the stock to retire and stop working these 80-hour weeks.” Later that evening, Mary told her boyfriend, Jack Pott, what Sue said about the stocks. The next day, Pott purchased 1500 shares of the stock and sold it ten days later when the news of the merger was made public. Pott made a profit of $60,000 on the sale of the stock. Did Sue, Mary or Jack violate any securities law(s) or ethical principles? Explain the actions of each party and support with appropriate laws, cases and/or examples.