Home > Terms > English, UK (UE) > Section 16
Section 16
(USA) A provision under the Securities Exchange Act of 1934 regulating trading by corporate insiders. It provides that any profit realised by an insider from any purchase and sale or sale and purchase of stock of such company within any period of less than six months shall be deemed to belong to and to be recoverable by the company. Section 16 provides for strict liability, and the intentions of the insider will not be considered in any action by the company to recover profits. Section 16 also requires insiders to report all trades in a company's securities. See 'Short Swing Profits' and 'Reporting Company Forms/Forms 3, 4, and 5'.
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Private equity
- Company:
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
Pearl of Dubai
Pearl of Dubai is the world's largest underwater theme park under development in Dubai that includes scuba diving and snorkeling in a space ...
Contributor
Featured blossaries
Marouane937
0
Terms
58
Blossaries
3
Followers
9 Most Expensive Streets In The World
stanley soerianto
0
Terms
107
Blossaries
6
Followers
Indonesia Famous Landmarks
Browers Terms By Category
- Architecture(556)
- Interior design(194)
- Graphic design(194)
- Landscape design(94)
- Industrial design(20)
- Application design(17)
Design(1075) Terms
- Dating(35)
- Romantic love(13)
- Platonic love(2)
- Family love(1)
Love(51) Terms
- Nightclub terms(32)
- Bar terms(31)
Bars & nightclubs(63) Terms
- Lingerie(48)
- Underwear(32)
- Skirts & dresses(30)
- Coats & jackets(25)
- Trousers & shorts(22)
- Shirts(17)
Apparel(222) Terms
- Cooking(3691)
- Fish, poultry, & meat(288)
- Spices(36)