SIE Exam Question 673: Answer and Explanation

Question: 673

A corporate insider is defined as a director or senior officer of a company, as well as any person or entity that beneficially owns more than __________ of a company's voting shares.

• A. 1%
• B. 2%
• C. 5%
• D. 10%

Correct Answer: D

Explanation:

A corporate insider is defined as a director or senior officer of a company, as well as any person or entity that beneficially owns more than 10% of a company's voting shares.