Insiders Would Violate the Short-Swing Profits Rule (16b) of the 1934

question 69

True/False

Insiders would violate the short-swing profits rule (16b) of the 1934 Act by buying stock on January 1 and selling on May 1.

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Definitions:

Express Oneself

The act of conveying thoughts, feelings, or ideas to others through speech, writing, or artistic expression.

Make Oneself Understood

The ability to communicate one’s thoughts, intentions, or needs in a manner that others can comprehend.

Theory of Mind

The ability to attribute mental states—beliefs, intents, desires, emotions, knowledge—to oneself and others, and to understand that others have beliefs, desires, and intentions that are different from one’s own.