Multiple Choice
Which of the following is true regarding the state of mind needed in order to find a violation of Section 16(b) involving short-swing trading?
A) Liability is imposed under Section 16(b) regardless of the insider's state of mind.
B) Intent to violate the securities laws must be found in order for there to be a violation of Section 16(b) .
C) A trader must at least act without caution in order to be found liable for violating Section 16(b) .
D) A trader must at least act negligently in order to be found liable for violating Section 16(b) .
Correct Answer:
Verified
Correct Answer:
Verified
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