________ profits are made from the sale of company stock within any six-month period by a statutory insider.

Question

Quizplus · Accepted Answer

To prevent statutory insiders from using inside information for their personal gain,Section 16(b)of the Securities Exchange Act of 1934 requires statutory insiders to return all short-swing profits,or profits made from the sale of company stock within any six-month period by a statutory insider,to the company.

________ Profits Are Made from the Sale of Company Stock