Are the Rules on Short-Swing Profits Under Section 16(b)of the Securities

Are the rules on short-swing profits under Section 16(b)of the Securities Exchange Act of 1934 too restrictive or not restrictive enough? Merely because one is a statutory insider,is it proper to limit his or her ability to make a profit on the company's stock? Alternatively,should the 6-month period be longer? What is the theory behind making the profits belong to the corporation?

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One rationale for the law is the difficu...

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