Short-Swing Profit: Strict Liability Under Section 16(b)
Post Overview: Short-Swing Profit Understanding Section 16(b) of the Securities Exchange Act of 1934 is critical for corporate insiders. This provision imposes a strict liability rule requiring the disgorgement of profits earned from buying and selling a company’s equity securities within a six-month period, irrespective of intent. Learn who qualifies as an insider, how profits […]