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Becker is an officer for True Benefit Corporation and he buys 100 shares of stock in the corporation. Two weeks later, True Benefit announces that
Becker is an officer for True Benefit Corporation and he buys 100 shares of stock in the corporation. Two weeks later, True Benefit announces that it will be merging with its competitor, Open Life Corporation, and the price of True Benefit's stock goes up. Three weeks later, Becker sells his shares for a profit. Under Section 16(b) of the Securities Exchange Act of 1934, Becker would not be liable if, after buy the stock, he had waited
a.more than six months to sell it.
b.two months to sell it.
c.ninety days to sell it.
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