Which of the following is true about Rule 16(a) of the Securities Exchange Act of 1934 regarding short-swing profits?
A) It applies only to officers and directors of the corporation.
B) It provides for recovery from a statutory insider by the other party to the transaction.
C) It covers any trades occurring within one year of each other.
D) It provides that any profits made by a statutory insider on trades occurring within six months of each other belong to the corporation.
E) It provides that any profits made by a statutory insider on trades occurring within six months of each other belong to the corporation, but only if insider information was used to generate the profits.
Correct Answer:
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