Essay
Consider the following transactions by a director of a corporation listed on the National Stock Exchange.
September 1, 2013, purchased 100 shares of his company's stock at $10 per share. October 30, 2013, sold the 100 shares of stock for $7 per share.
November 30, 2014, purchased 100 shares of his company's stock for $5 per share.
Does the director have any liability under 16b?
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Yes, SEC matches the highest s...View Answer
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