Jill is president of Starship Enterprises,Inc.She bought stock in Starship on January 1,2002,and sold it for a profit on March 1,2002.Jill used no nonpublic information when she bought or sold the stock.Which of the following best describes Jill's situation?
A) Jill has not violated any law.
B) Jill has violated the insider trading rules,and the profit belongs to the corporation.
C) Jill has violated the short-swing profits rule,and the profit belongs to the corporation.
D) Jill has violated the securities registration law.
E) both B and C
Correct Answer:
Verified
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