The law that relates to the recapture of short-swing profits -- Section 16(b) of the Securities Exchange Act ??--applies to any company with more than $10 million in assets and at least five hundred or more shareholders of any class of stock.

Question

Quizplus · Accepted Answer

Section 16(b) of the Securities Exchange Act applies to any company with more than $10 million in assets and at least five hundred or more shareholders of any class of stock. Therefore, the statement is true.

The Law That Relates to the Recapture of Short-Swing Profits