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Section 16(b) Is a __________ Statute Because It Applies Even

Question 33

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:

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