2.2 Securities Exchange Act of 1934

Question 1

Describe: Section 14(a), Section 16, Section 16(a), Section 16(b)

Answer 1

Section 14(a)-unlawful for any person to solicit any proxy with respect to any registered security in violation of SEC rules and regulations
Section 16-insiders required to report to the SEC are (a) directors,(b) officers, and (c) any person beneficially owning more than 10% of the stock of a corporation listed on a national stock exchange or registered with the SEC
Section 16(a)-insiders who do not comply with SEC reporting requirements are subject to administrative and criminal penalties
Section 16(b)-insiders may be sued for short-swing profits on registered equity securities by the issuer or a shareholder suing on behalf of the corporation if the issuer does not sue within 60 days after a request