Question

What is the condition for a corporate insider, officer, or 10 percent shareholder of a publicly traded company to be considered as engaging in short swing trading?

1) The individual must own more than 10 million shares and have at least 500 shareholders
2) The individual must be a corporate insider, officer, or 10 percent shareholder
3) The individual must engage in short swing trading for a period of 6 months
4) The individual must be a corporate insider, officer, or 10 percent shareholder and engage in short swing trading for a period of 6 months

Answer 1

To be considered as engaging in short swing trading, a corporate insider, officer, or 10 percent shareholder of a publicly traded company must be engaged in short swing trading for a period of 6 months.

Step-by-step explanation:

The condition for a corporate insider, officer, or 10 percent shareholder of a publicly traded company to be considered as engaging in short swing trading is option 4) The individual must be a corporate insider, officer, or 10 percent shareholder and engage in short swing trading for a period of 6 months.