For purposes of Section 16(b) of the 1934 Securities Exchange Act, which of the following are not "insiders"?
A) Shareholders owning more than 10 percent of the stock of a corporation listed on a national stock exchange or registered with the SEC.
B) Directors.
C) Officers.
D) All of these may be considered insiders.

Question

Quizplus · Accepted Answer

Section 16(b) of the 1934 Securities Exchange Act considers shareholders owning more than 10 percent of the stock, directors, and officers as insiders, meaning all the options listed may be considered insiders under this provision.

For Purposes of Section 16(b) of the 1934 Securities Exchange