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Simple English definitions for legal terms

short-swing profits

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A quick definition of short-swing profits:

Short-swing profits refer to the profits made by a person who works for a company when they buy and sell company stock within a six-month period. If this happens, the profits may have to be given back to the company.

A more thorough explanation:

Short-swing profits refer to the profits made by a corporate insider when they buy and sell or sell and buy company stock within a period of six months. These profits are subject to being returned to the company.

For instance, if a CEO of a company buys 1,000 shares of company stock in January and then sells them in March for a profit, they would be required to return that profit to the company. Similarly, if an executive sells 500 shares of company stock in May and then buys them back in August for a profit, they would also be required to return that profit to the company.

These examples illustrate how short-swing profits work. The Securities and Exchange Commission (SEC) created this rule to prevent insiders from taking advantage of their position and making quick profits at the expense of the company and its shareholders. By requiring insiders to return these profits, it helps to ensure that they act in the best interest of the company and its shareholders.

short summons | short-term alimony

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JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
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