Equity Corporation, and Its Officers, Directors, Employees, and Shareholders, Buy

Equity Corporation, and its officers, directors, employees, and shareholders, buy and sell securities. Section 10(b) of the Securities Exchange Act of 1934 applies to the trading of securities

A) only by investment companies on organized exchanges.
B) only involving short-swing profits obtained in over-the-counter markets.
C) only involving tippers and tippees in private transactions.
D) in almost any circumstances.