Fact Pattern 27-1

question 13

Multiple Choice

Fact Pattern 27-1
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 27-1.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.

---

Definitions:

Highest Status

refers to the top position or ranking in a social hierarchy based on various factors, including wealth, power, education, or social connections.

Antique Sculpture

A piece of three-dimensional art that is considered to be at least 100 years old, typically made from materials such as stone, metal, or wood, and valued for its historical and aesthetic importance.

Canadians

Citizens of Canada, a country in North America, characterized by a diverse culture and history influenced by European colonization and immigration.

Overweight

A condition where an individual carries more body fat than is considered healthy for their height, often assessed by body mass index (BMI).