Which of the Following Is True Regarding Section 16(c)'s Restriction

question 10

Multiple Choice

Which of the following is true regarding Section 16(c) 's restriction on selling stock short?

• A) Section 16(c) prohibits officers, but not directors, from selling any of their company's equity securities short.
• B) Section 16(c) prohibits directors, but not officers, from selling any of their company's equity securities short.
• C) Section 16(c) prohibits officers or directors from selling any of their company's equity securities short.
• D) Section 16(c) allows both officers and directors to sell their company's equity securities short so long as the equities are obtained and delivered within twenty days after the short sale.

---

Definitions:

Lawrence v. Texas

A landmark 2003 Supreme Court decision that struck down sodomy laws in the US, advancing LGBTQ rights.

National Security Agency

A U.S. government agency responsible for global monitoring, collection, and processing of information and data for foreign intelligence and counterintelligence purposes.

Edward Snowden

A former National Security Agency contractor who disclosed to the public extensive internet and phone surveillance by US intelligence.

German Chancellor

The head of government in Germany, responsible for setting policy direction and leading the executive branch.