Insiders must turn over to the corporation any profits they make from the?purchase and sale or sale and purchase of company securities made within a six-month period.

Question

Quizplus · Accepted Answer

This is known as the "short swing rule" and is mandated by Section 16 of the Securities Exchange Act of 1934. Insiders, including officers and directors, must surrender any profits made from these types of transactions to the corporation.

Insiders Must Turn Over to the Corporation Any Profits They