Orbital Flights, Inc., is required to register its securities under Section 12 of the Securities Exchange Act of 1934. Section 16(b) of the act covers

Question

Orbital Flights, Inc., is required to register its securities under Section 12 of the Securities Exchange Act of 1934. Section 16(b) of the act covers​

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Section 16(b) of the Securities Exchange Act of 1934 covers the short-swing activities of insiders of companies that have registered securities under Section 12. This section prohibits any insider of a publicly traded company from profiting from the purchase and sale, or sale and purchase, of any equity security of that company within a six-month period.