The civil penalty for a person who trades on inside information:
A) is payable into the U.S. Treasury.
B) must be imposed as a result of an action brought within three years after the date of the purchase or sale.
C) is, for a controlling person, up to the greater of $1 million or two times the profit gained or loss avoided as a result of the controlled person's violation.
D) is determined by the board of directors of the injured corporation.
Correct Answer:
Verified
Q67: All of the following are exempt from
Q68: If Terry makes a tender offer to
Q69: The provisions of Section 17(a) of the
Q70: All of the following are types of
Q71: A signed writing by a shareholder authorizing
Q73: The 1934 Securities Exchange Act requires registration
Q74: Recovery of damages under Rule 10b-5 requires
Q75: Section 11 of the Securities Act of
Q76: Which of the following is not one
Q77: For purposes of Section 16(b) of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents