Orbital Flights Inc. is required to register its securities under Section 12 of the Securities Exchange Act of 1934. This means that, with respect to Orbital, Section 16(b)of the act covers

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Section 16(b) of the Securities Exchange Act of 1934 addresses the profits from short-swing trading by insiders of a company, such as directors, officers, and large shareholders, within a six-month period. It does not concern the declaration of dividends, re-registration of securities, or the solicitation of proxies.