Which of the following is true about Section 16(a)of the Securities Exchange Act of 1934 relating to short-swing profits?

Question

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Section 16(a) of the Securities Exchange Act of 1934 requires statutory insiders (officers, directors, and beneficial owners of more than 10% of a class of equity securities) to report their trades. Section 16(b) specifically addresses short-swing profits, mandating that any profits made from buying and selling the company's stock within a six-month period by these insiders must be returned to the corporation.

Which of the Following Is True About Section 16(a)of the Securities