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The Civil Penalty for a Person Who Trades on Inside

Question 72

Multiple Choice

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.

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