An Insider Must Actually Use Inside Information in Connection with the Purchase

question 53

True/False

An insider must actually use inside information in connection with the purchase and sale of securities to violate Section 16(b) of the Securities Exchange Act of 1934.​

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Definitions:

Selective Mutism

A disorder marked by failure to speak in certain social situations when speech is expected, despite ability to speak in other situations.

Stuttering

A speech disorder characterized by repeated or prolonged sounds, syllables, or words, disrupting the natural flow of speech.

Hopelessness

A feeling of despair and pessimism about the future, often associated with depression.

Expectations About the Future

Beliefs or predictions about outcomes or events that have not yet occurred.