business

A-Z 12. Drag and drop the appropriate words to complete. Comparison of Coverage Application, and liability Under SEC Rule 106-5 and Section 16(b): Area of Comparison SEC Rule 10-5 Section 16(b) What is the subject Any security (does not have to be registered). Any security (does not have to be of the transaction? registered) What transactions are Purchase or sale Short-swing purchase and sale or short-swing sale and purchase. Who is subject to liability? Almost anyone with inside under a duty to disclose, including officers, directors, controlling shareholders and tippees Officers, directors, and certain shareholders who ten percent or more Yes. No. is omission or misrepresentation for liability? No. Yes, there are a of exemptions. Are there any exempt transactions? who may an action? A person with an Insider, the SEC, or a purchaser or seller damaged by a wrongful act. A corporation or a shareholder by action 12. Drag and drop the appropriate words to complete, Comparison of Coverage, Application, and Liability Under SEC Rule 10b-5 and Section 16(b): Area of Comparison SEC Rule 10b-5 Section 16(b) What is the subject of the transaction? Any security (does not have to be registered). Any security (does not have to be registered) What transactions are Purchase or sale. Short-swing purchase and sale or short-swing sale and purchase. Who is subject to liability? Almost anyone with inside under a duty to disclose, including officers, directors, controlling shareholders and tippees. Officers, directors, and certain shareholders who ten percent or more. Yes. No. Is omission or misrepresentation for liability? No. Yes, there are a Are there any exempt transactions? of exemptions Who may an action? A person with an Insider, the SEC, or a purchaser or seller damaged by a wrongful act. A corporation or a shareholder by action. Fill in the blanks with words that would best complete the passage. number covered own necessary fiduciary derivative unnecessary uncovered information bring matter transacting Fill in the blanks with words that would best complete the passage. number covered own necessary fiduciary derivative, unnecessary uncovered information bring matter transacting