Wayne is the president and CEO of a corporation. He owns 25 percent or the company's total stock and has been selling large chunks of his holdings over the past three months. If the SEC investigates him for short-swing profits, it would do so under:
A) Regulation D of the 33 Act.
B) Rule 10(b) (5) of the 34 Act.
C) Section 16 of the 34 Act.
D) the Private Securities Litigation Reform Act of 1995.
Correct Answer:
Verified
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