Which of the following best defines short-swing profits?
A. profits made by an insider by selling shares of the corporation before the public disclosure of unfavorable information
B. profits made by an insider by personally purchasing shares of the corporation before the public release of favorable information
C. profits made by a statutory insider on trades involving equity securities of his or her corporation that occur within six months of each other
D. profits made by a tippee by personally purchasing shares of the corporation either before or after the public release of favorable information
Answer: C
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