Which of the Following Is True Regarding Who May Be

question 40

Multiple Choice

Which of the following is true regarding who may be considered an insider under the Securities Exchange Act of 1934?

• A) Only directors are considered insiders
• B) Only employees are considered insiders
• C) Any shareholder is considered an insider along with all directors and all employees
• D) Directors, officers, and anyone who receives private information regarding the trading of securities may be considered insiders
• E) Only directors, officers, and majority shareholders are considered insiders

---

Definitions:

Justice

The ethical principle that requires that risks and benefits of research participation must be spread equitably across individuals and groups.

Postconventional Moral Reasoning

Kohlberg’s third level of moral reasoning emphasizing autonomous decision-making based on principles such as valuing human dignity.

Adulthood

The period in the human lifespan when an individual is considered legally and socially mature and responsible.

Emerging Adulthood

A phase of the life span between adolescence and full-fledged adulthood, characterized by exploration and instability.