Mel is the president of a small corporation that owns as well as operates consumer electronics stores in several states throughout the country. Over the years while working there Mel has purchased substantial stock in the company. But Mel has not purchased any stock for the last four years. Mel needs to sell some stock. Mel distinguishes that one of the retail locations where the company owns the real estate was once used as a toxic dump. The corporation is lawfully obligated to clean up this site and the costs will have a material effect on the corporation's net income for several years. This information isn't yet public. Mel can
A. Sell his stock only if he gets previous clearance from the Securities and Exchange Commission.
B. Sell his stock only if he says the purchaser about the liability for cleaning up the toxic waste.
C. Freely sell his stock without any liability for the reason that it has been more than six months since he purchased any stock.
D. Sell his stock merely to an accredited investor.