Which of the following parties are classified as insiders under the Securities Exchange Act of 1934? I. A shareholder who owns 7 percent of outstanding stock of a corporation and his spouse who owns 4 percent II. The vice president of a firm III. A firm's director of technology

Which of the following parties are classified as insiders under the Securities Exchange Act of 1934? I. A shareholder who owns 7 percent of outstanding stock of a corporation and his spouse who owns 4 percent II. The vice president of a firm III. A firm's director of technology

Which of the following parties are classified as insiders under the Securities Exchange Act of 1934?
I. A shareholder who owns 7 percent of outstanding stock of a corporation and his spouse who owns 4 percent
II. The vice president of a firm
III. A firm's director of technology 





A) I only
B) I and II only
C) III only
D) I, II, and III










Answer: A