A 10 percent shareholder of an equity security of a reporting company is considered a statutory insider.

Name: A 10 percent shareholder of an equity security of a reporting company is considered a statutory insider.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

According to SEC rules, a 10 percent shareholder of an equity security of a reporting company is considered a statutory insider. This means that they are subject to insider trading restrictions and must disclose any transactions involving the company's securities.

A 10 Percent Shareholder of an Equity Security of a Reporting