For Purposes of Section 16(b) of the 1934 Securities Exchange

question 8

Multiple Choice

For purposes of Section 16(b) of the 1934 Securities Exchange Act, which of the following are not "insiders"?

• A) Shareholders owning more than 10 percent of the stock of a corporation listed on a national stock exchange or registered with the SEC.
• B) Directors.
• C) Officers.
• D) All of these may be considered insiders.

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Definitions:

Events

Events are occurrences or activities that take place at a certain time and place, often notable for their impact or significance.

Missouri Compromise

An agreement passed in 1820 allowing Missouri to enter the Union as a slave state and Maine as a free state, establishing a precedent for the future admission of states in pairs.

Thomas Jefferson

The third President of the United States (1801-1809) known for authoring the Declaration of Independence and for his contributions to the founding principles of the United States.

Statehood

The status of being recognized as an independent nation or the admission of a territory as a state within the United States.