Consider the Following Transactions by a Director of a Corporation

question 87

Essay

Consider the following transactions by a director of a corporation listed on the National Stock Exchange.
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September 1, 2015, purchased 100 shares of his company's stock at $10 per share.
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October 30, 2016, sold the 100 shares of stock for $7 per share.
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November 30, 2016, purchased 100 shares of his company's stock for $5 per share.
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Does the director have any liability under 16b?

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Definitions:

Chromatic

Relating to or using colors, typically in visual contexts, or pertaining to chromaticism in music, which involves notes outside the main scale.

Achromatic

describes colors lacking in hue, such as black, white, and greys, or scenes and images without color.

Young-Helmholtz Theory

A theory of color and how the human eye perceives color through the processing of different wavelengths by three types of color receptors (cones) sensitive to red, green, and blue.

Television Image

A visual representation produced on a screen by a television system.