Under Section 16(b)pertaining to short-swing profits,a person will be considered a(n)__________ of any securities held by his or her immediate family or any other relative living in his or her household.

Question

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Under Section 16(b) of the Securities Exchange Act of 1934, a person is considered the beneficial owner of securities owned by immediate family members or other relatives living in the same household. This provision aims to prevent insiders from avoiding reporting and profit return requirements by transferring securities to relatives.

Under Section 16(b)pertaining to Short-Swing Profits,a Person Will Be Considered