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Use , or both and to make a true statement.
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Section 16(b)
A provision under the Securities Exchange Act of 1934 that seeks to prevent insider trading by requiring profits gained from short-swing transactions by corporate insiders to be returned to the corporation.
Short-Swing Profits
Profits made from the sale of company stock within any six-month period by a statutory insider.
Securities Trading
The buying and selling of securities such as stocks, bonds, and options, typically conducted through exchanges or over-the-counter markets.
National Securities Markets Improvement Act
A 1996 U.S. law aimed at simplifying securities regulation by coordinating federal and state authority.
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