More suits are brought under Section 16(b)of the 1934 Act than under any other provision of that statute.

Name: More suits are brought under Section 16(b)of the 1934 Act than under any other provision of that statute.
Brand: Quizplus
Rating: 4.7 (59 reviews)

Question

Quizplus · Accepted Answer

Section 16(b) of the 1934 Act deals with the recovery of short-swing profits by insiders, but it is not the most common provision under which suits are brought. Other provisions, such as those related to fraud and misrepresentation, are more frequently litigated.

More Suits Are Brought Under Section 16(b)of the 1934 Act