Section 16(b) of the 1934 securities exchange act

(a) requires that foreign nationals buying u. s.corporate stock register with the securities exchange commission (sec).
(b) regulates proxy statements.
(c) provides for recapture by the corporation of all profits realized by an insider from the purchase or sale of corporate stock within a 6 month period.
(d) allows foreign nationals to seek an sec exemption from securities registration requirements.