​Fact Pattern 20-2

question 61

Multiple Choice

​Fact Pattern 20-2
Sid,a director of Tech Software Company,learns that a Tech engineer has developed a new,exciting video game.Sid buys Tech stock and tells his friend Uri,who also buys Tech stock.When the new game is released three weeks later,Sid and Uri sell their stock for a big profit.
-Refer to Fact Pattern 20-2.Regarding Sid's profits on the purchase and sale of Tech stock,under Section 16(b) of the Securities Exchange Act of 1934 Tech may recapture

• A)all of Sid's profits.
• B)half of Sid's profits.
• C)10 percent of Sid's profits.
• D)none of Sid's profits.

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Definitions:

Assertive

Characterized by confidence and directness in claiming one's rights or putting forward one's views.

Static Evaluation

A process or method in artificial intelligence and computer science for assessing a position or scenario without simulating future actions or moves.

Polarization

The process through which opinions, attitudes, or behaviors become more extreme, leading to division or conflict within a group or society.

Restricted Code

A speech pattern used within a particular social group, characterized by shared references, jargon, and shorthand that may be incomprehensible to outsiders.