Question

Section 16(b) of the 1934 Securities Exchange Act _____

(A) requires that foreign nationals buying U.S.corporate stock register with the Securities Exchange Commission (SEC).
(B) regulates proxy statements.
(C) provides for recapture by the corporation of all profits realized by an insider from the purchase or sale of corporate stock within a 6 month period.
(D) allows foreign nationals to seek an SEC exemption from securities registration requirements.

Answer 1

Section 16(b) of the 1934 Securities Exchange Act provides for recapture by the corporation of all profits realized by an insider from the purchase or sale of corporate stock within a 6 month period.

Step-by-step explanation:

This section of the 1934 Securities Exchange Act was put in place to uphold fairness and equity in the financial markets. Without its provision, insiders could advantage of privileged information and exploit it for personal gain.