Article (101) Claiming that Gains were Unexpected

The mere trading by any person with inside information in securities, or encouraging others to trade therein, shall not be considered as a violation to this chapter if,

(1) he did not, at the time, expect that he will make a profit due to the Inside Information.
(2) he reasonably believed at the time of dealing that the information had been disclosed widely enough that none of those taking part in the dealing would be prejudiced by not being aware of the said information.
(3) he would have acted as he did even if such information was not available to him.