Multiple Choice
Section 16(b) is a __________ statute because it applies even if the insider did not use any insider information or intend any stock manipulation in realizing a short-swing profit.
A) negligence
B) strict liability
C) intentional
D) None of the choices are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q28: Explain what Section 13 of the Exchange
Q29: The Securities Exchange Act of 1934 requires
Q30: A company that files a _ statement
Q31: The U.S. Supreme Court has recognized one
Q32: Under the abstain/disclose rule, those who have
Q34: Section _ of the Exchange Act requires
Q35: The element of scienter in the context
Q36: After a two-week trial in October 2013,
Q37: In United States v. Bhagat, the court
Q38: What did the SEC begin to utilize