________ requires that any profits made by a statutory insider on transactions involving short-swing profits belong to the corporation.

Question

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Section 16(b) of the Securities Exchange Act of 1934 requires that any profits made by a statutory insider on transactions involving short-swing profits belong to the corporation. Statutory insiders are officers, directors, and holders of more than 10% of a company's stock. This rule is aimed at preventing insiders from profiting from short-term trades based on non-public information.

________ Requires That Any Profits Made by a Statutory Insider